Union Bancaire Privee UBP SA lifted its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 416.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,696 shares of the company's stock after acquiring an additional 105,374 shares during the period. Union Bancaire Privee UBP SA's holdings in Kanzhun were worth $2,431,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Quadrant Capital Group LLC increased its stake in Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after acquiring an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. increased its position in 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 in the last quarter. Townsquare Capital LLC purchased a new position in Kanzhun in the fourth quarter valued at approximately $157,000. Tudor Investment Corp ET AL purchased a new position in Kanzhun in the fourth quarter valued at approximately $160,000. Finally, Virtu Financial LLC acquired a new position in Kanzhun during the fourth quarter valued at approximately $162,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BZ has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Daiwa America raised Kanzhun from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Barclays increased their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Two investment 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's stock. Based on data from MarketBeat.com, Kanzhun currently has an average rating of "Moderate Buy" and an average target price of $18.50.
View Our Latest Research Report on Kanzhun
Kanzhun Price Performance
Kanzhun stock traded down $0.57 during midday trading on Friday, hitting $17.65. 4,319,296 shares of the stock were exchanged, compared to its average volume of 4,479,977. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $20.89. The firm has a market cap of $6.87 billion, a P/E ratio of 39.22 and a beta of 0.39. The company has a 50 day moving average price of $16.36 and a two-hundred day moving average price of $15.86.
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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