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Man Group plc Purchases 16,049 Shares of Kanzhun Limited (NASDAQ:BZ)

Kanzhun logo with Computer and Technology background

Man Group plc lifted its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 326,869 shares of the company's stock after purchasing an additional 16,049 shares during the period. Man Group plc owned 0.09% of Kanzhun worth $4,511,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP raised its stake in Kanzhun by 7.7% in the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after buying an additional 999 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after buying an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after buying an additional 1,542 shares in the last quarter. Swiss National Bank raised its stake in Kanzhun by 0.3% in the fourth quarter. Swiss National Bank now owns 600,966 shares of the company's stock worth $8,293,000 after buying an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Kanzhun by 9.3% in the fourth quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock worth $334,000 after buying an additional 2,066 shares in the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Kanzhun has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

Check Out Our Latest Report on BZ

Kanzhun Stock Up 1.0%

Shares of NASDAQ BZ traded up $0.17 on Tuesday, reaching $17.58. 2,371,601 shares of the company's stock traded hands, 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 business's 50 day simple moving average is $16.54 and its two-hundred day simple moving average is $15.49. The company has a market cap 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

Institutional Ownership by Quarter for Kanzhun (NASDAQ:BZ)

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