KBC Group NV raised its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 378.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,608 shares of the company's stock after buying an additional 180,033 shares during the quarter. KBC Group NV owned approximately 0.06% of KANZHUN worth $4,363,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in shares of 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 during the period. PNC Financial Services Group Inc. grew its holdings in shares of KANZHUN by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares during the period. Townsquare Capital LLC purchased a new stake in shares of KANZHUN during the 4th quarter worth about $157,000. Tudor Investment Corp ET AL purchased a new stake in shares of KANZHUN during the 4th quarter worth about $160,000. Finally, Virtu Financial LLC purchased a new stake in shares of KANZHUN during the 4th quarter worth about $162,000. Hedge funds and other institutional investors own 60.67% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 price target on shares of KANZHUN in a report on Wednesday, March 12th. Barclays upped 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. Finally, Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $18.50.
Check Out Our Latest Report on BZ
KANZHUN Stock Up 0.7%
Shares of KANZHUN stock traded up $0.12 on Friday, hitting $17.90. 2,689,779 shares of the company's stock traded hands, compared to its average volume of 4,466,540. The stock has a market cap of $6.97 billion, a P/E ratio of 30.86 and a beta of 0.41. The firm's 50-day moving average is $17.48 and its 200 day moving average is $16.30. KANZHUN LIMITED Sponsored ADR has a 52-week low of $10.57 and a 52-week high of $20.81.
KANZHUN Company Profile
(
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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