UG Investment Advisers Ltd. purchased a new stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 469,560 shares of the company's stock, valued at approximately $9,001,000. KANZHUN accounts for 2.5% of UG Investment Advisers Ltd.'s portfolio, making the stock its 8th biggest holding. UG Investment Advisers Ltd. owned 0.12% of KANZHUN as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in BZ. Quadrant Capital Group LLC increased its stake in 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 buying an additional 1,427 shares during the period. PNC Financial Services Group Inc. increased its stake in KANZHUN by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after buying an additional 1,542 shares during the period. Townsquare Capital LLC acquired a new position in KANZHUN in the 4th quarter valued at approximately $157,000. Tudor Investment Corp ET AL acquired a new position in KANZHUN in the 4th quarter valued at approximately $160,000. Finally, Virtu Financial LLC acquired a new position in KANZHUN in the 4th quarter valued at approximately $162,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Sanford C. Bernstein reiterated a "market perform" rating and issued a $18.00 price objective on shares of KANZHUN in a research note on Wednesday, March 12th. Finally, Barclays upped their price objective on shares of KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.50.
Get Our Latest Report on KANZHUN
KANZHUN Trading Down 0.8%
KANZHUN stock traded down $0.14 on Monday, reaching $17.68. 1,675,952 shares of the stock were exchanged, compared to its average volume of 4,458,148. The stock has a market cap of $6.88 billion, a PE ratio of 30.48 and a beta of 0.39. KANZHUN LIMITED Sponsored ADR has a twelve month low of $10.57 and a twelve month high of $20.81. The firm has a fifty day moving average price of $16.82 and a two-hundred day moving average price of $16.11.
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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