Janus Henderson Group PLC decreased its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 41.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,133 shares of the company's stock after selling 78,136 shares during the quarter. Janus Henderson Group PLC's holdings in Kanzhun were worth $1,493,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of BZ. Quadrant Capital Group LLC increased its position in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after purchasing an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Kanzhun in the 4th quarter valued at $63,000. Townsquare Capital LLC acquired a new position in shares of Kanzhun during the 4th quarter valued at $157,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Kanzhun during the 4th quarter worth $160,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Kanzhun Stock Up 1.8%
Shares of Kanzhun stock traded up $0.32 during trading hours on Wednesday, hitting $17.90. 403,703 shares of the company's stock traded hands, compared to its average volume of 4,495,765. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $21.99. The company has a market cap of $6.97 billion, a PE ratio of 39.73 and a beta of 0.35. The stock has a 50 day simple moving average of $16.54 and a 200-day simple moving average of $15.49.
Wall Street Analyst Weigh In
A number of brokerages have commented on BZ. Barclays boosted their price objective on 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 set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $18.50.
Read 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.
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