GF Fund Management CO. LTD. purchased a new stake in Kanzhun Limited (NASDAQ:BZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 656,936 shares of the company's stock, valued at approximately $9,066,000. GF Fund Management CO. LTD. owned approximately 0.17% of Kanzhun as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its stake in Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock valued at $7,824,000 after purchasing an additional 166,683 shares in the last quarter. CoreView Capital Management Ltd grew its position in Kanzhun by 23.5% in the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock valued at $42,168,000 after acquiring an additional 580,583 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in Kanzhun in the fourth quarter valued at about $333,000. Mirae Asset Global Investments Co. Ltd. grew its position in Kanzhun by 112.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock valued at $2,769,000 after acquiring an additional 106,226 shares during the last quarter. Finally, Nan Fung Trinity HK Ltd. bought a new position in Kanzhun in the fourth quarter valued at about $24,521,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Wall Street Analyst Weigh In
BZ has been the topic of several research reports. Barclays boosted their price target on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Kanzhun has a consensus rating of "Moderate Buy" and an average price target of $18.50.
Check Out Our Latest Analysis on BZ
Kanzhun Trading Up 1.0%
Shares of BZ traded up $0.17 during trading hours on Tuesday, reaching $17.58. The stock had a trading volume of 2,371,601 shares, compared to its average volume of 4,511,988. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $21.99. The firm has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $15.49. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 39.07 and a beta of 0.35.
About Kanzhun
(
Free Report)
Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.
Further Reading
Before you consider Kanzhun, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kanzhun wasn't on the list.
While Kanzhun currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
