Barclays PLC lessened its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 407,827 shares of the company's stock after selling 42,836 shares during the quarter. Barclays PLC owned about 0.11% of Kanzhun worth $5,628,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of BZ. Tidal Investments LLC purchased a new stake in Kanzhun in the 3rd quarter valued at $662,000. Franklin Resources Inc. grew its holdings in shares of Kanzhun by 12.8% during the third quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock worth $2,201,000 after buying an additional 15,497 shares during the last quarter. Nordea Investment Management AB increased its position in Kanzhun by 13.8% in the 4th quarter. Nordea Investment Management AB now owns 282,510 shares of the company's stock valued at $3,928,000 after acquiring an additional 34,284 shares during the period. Assenagon Asset Management S.A. lifted its position in Kanzhun by 2.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company's stock worth $52,136,000 after acquiring an additional 78,697 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Kanzhun in the 4th quarter valued at approximately $333,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on BZ shares. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays upped their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $21.71.
View Our Latest Stock Report on BZ
Kanzhun Price Performance
Shares of NASDAQ BZ traded up $0.09 during trading on Thursday, hitting $15.39. 421,837 shares of the company were exchanged, compared to its average volume of 4,640,219. The firm's fifty day moving average price is $16.77 and its 200 day moving average price is $15.20. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 34.17 and a beta of 0.32. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74.
Kanzhun Company 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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