Nuveen Asset Management LLC grew its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 649,330 shares of the company's stock after buying an additional 20,100 shares during the quarter. Nuveen Asset Management LLC owned 0.17% of Kanzhun worth $8,961,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after buying an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Kanzhun in the fourth quarter worth approximately $63,000. Townsquare Capital LLC acquired a new stake in shares of Kanzhun in the fourth quarter worth approximately $157,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Kanzhun in the fourth quarter worth approximately $160,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.
Kanzhun Trading Up 4.1%
NASDAQ:BZ traded up $0.69 during trading hours on Monday, hitting $17.65. The company had a trading volume of 1,993,606 shares, compared to its average volume of 4,469,115. The company has a 50-day moving average of $16.35 and a 200 day moving average of $15.60. The company has a market cap of $6.87 billion, a P/E ratio of 39.22 and a beta of 0.35. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $21.99.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays lifted their price target on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.50.
Read Our Latest Analysis on Kanzhun
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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