Invesco Ltd. lessened its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 718,568 shares of the company's stock after selling 207,999 shares during the quarter. Invesco Ltd. owned approximately 0.19% of Kanzhun worth $9,916,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Polymer Capital Management HK LTD lifted its position in Kanzhun by 1,267.4% during the fourth quarter. Polymer Capital Management HK LTD now owns 247,492 shares of the company's stock valued at $3,415,000 after buying an additional 229,392 shares during the period. Quadrant Capital Group LLC lifted its position in Kanzhun by 403.1% during 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 during the period. Aviva PLC lifted its position in Kanzhun by 2.8% during the fourth quarter. Aviva PLC now owns 179,300 shares of the company's stock valued at $2,474,000 after buying an additional 4,900 shares during the period. HCEP Management Ltd lifted its position in Kanzhun by 200.0% during the fourth quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock valued at $41,400,000 after buying an additional 2,000,000 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new position in Kanzhun during the fourth quarter valued at $883,000. Institutional investors own 60.67% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on BZ shares. Barclays raised their price objective 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 set a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Kanzhun currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.
Check Out Our Latest Report on BZ
Kanzhun Stock Up 3.5 %
Shares of NASDAQ:BZ traded up $0.50 on Monday, hitting $14.86. 1,985,860 shares of the company traded hands, compared to its average volume of 4,681,198. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The stock has a 50 day simple moving average of $16.80 and a 200-day simple moving average of $15.20. The company has a market cap of $5.78 billion, a PE ratio of 33.02 and a beta of 0.32.
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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