Vise Technologies Inc. bought a new stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 18,556 shares of the company's stock, valued at approximately $256,000.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC grew its position in Kanzhun by 58.7% in the 3rd quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after purchasing an additional 166,683 shares during the period. CoreView Capital Management Ltd boosted its stake in shares of Kanzhun by 23.5% in the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock worth $42,168,000 after acquiring an additional 580,583 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Kanzhun during the fourth quarter worth about $333,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Kanzhun by 112.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock valued at $2,769,000 after purchasing an additional 106,226 shares during the period. Finally, Nan Fung Trinity HK Ltd. purchased a new position in Kanzhun in the 4th quarter worth approximately $24,521,000. Institutional investors own 60.67% of the company's stock.
Kanzhun Trading Up 4.1%
Shares of Kanzhun stock traded up $0.69 during trading on Monday, hitting $17.65. 1,993,606 shares of the stock traded hands, compared to its average volume of 4,469,115. The stock's fifty day simple moving average is $16.35 and its 200 day simple moving average is $15.60. The firm 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 52-week low of $10.57 and a 52-week high of $21.99.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.50.
Check Out Our Latest Stock Report on BZ
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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