Mirae Asset Global Investments Co. Ltd. increased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 2,547.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,313,534 shares of the company's stock after buying an additional 5,112,824 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 1.38% of KANZHUN worth $101,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in BZ. Quadrant Capital Group LLC lifted its stake in shares of KANZHUN by 403.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after acquiring an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in KANZHUN by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after purchasing an additional 1,542 shares during the last quarter. Townsquare Capital LLC bought a new stake in KANZHUN during the 4th quarter valued at $157,000. Tudor Investment Corp ET AL bought a new position in shares of KANZHUN during the fourth quarter valued at about $160,000. Finally, Virtu Financial LLC bought a new position in KANZHUN during the 4th quarter valued at approximately $162,000. 60.67% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on BZ shares. Barclays upped their price target on KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a research report 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. Finally, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat.com, KANZHUN has a consensus rating of "Moderate Buy" and an average target price of $18.50.
Read Our Latest Report on KANZHUN
KANZHUN Trading Up 2.8%
NASDAQ:BZ traded up $0.50 on Friday, reaching $18.12. 2,394,927 shares of the stock traded hands, compared to its average volume of 4,468,166. The company has a market capitalization of $7.06 billion, a price-to-earnings ratio of 31.24 and a beta of 0.39. The company's fifty day simple moving average is $17.12 and its 200 day simple moving average is $16.18. KANZHUN LIMITED Sponsored ADR has a 12 month low of $10.57 and a 12 month high of $20.81.
KANZHUN 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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