JPMorgan Chase & Co. decreased its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 26.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 8,653,860 shares of the company's stock after selling 3,044,269 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.22% of KANZHUN worth $165,894,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in shares of KANZHUN in the 1st quarter valued at about $25,000. Townsquare Capital LLC purchased a new stake in shares of KANZHUN in the 4th quarter valued at about $157,000. Tudor Investment Corp ET AL purchased a new stake in shares of KANZHUN in the 4th quarter valued at about $160,000. Quantinno Capital Management LP purchased a new stake in shares of KANZHUN in the 4th quarter valued at about $163,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in shares of KANZHUN in the 4th quarter valued at about $166,000. Institutional investors own 60.67% of the company's stock.
KANZHUN Trading Down 5.0%
Shares of NASDAQ BZ opened at $21.32 on Friday. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 36.76 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 1-year low of $10.57 and a 1-year high of $22.67. The stock's 50-day moving average is $18.92 and its 200 day moving average is $17.44.
Analyst Upgrades and Downgrades
Separately, Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $18.50.
Check Out Our Latest Analysis on BZ
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
Want to see what other hedge funds are holding BZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report).
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