Shares of Kanzhun Limited (NASDAQ:BZ - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $18.64, but opened at $17.71. Kanzhun shares last traded at $18.24, with a volume of 197,791 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently issued reports on BZ. Barclays increased 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. Daiwa America upgraded shares of Kanzhun from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kanzhun presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.
View Our Latest Analysis on BZ
Kanzhun Trading Down 2.3%
The company's fifty day moving average price is $16.36 and its two-hundred day moving average price is $15.86. The firm has a market cap of $7.09 billion, a P/E ratio of 40.49 and a beta of 0.39.
Institutional Investors Weigh In On Kanzhun
Hedge funds have recently added to or reduced their stakes in the stock. CoreView Capital Management Ltd grew its holdings in Kanzhun by 23.5% during the 4th 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 last quarter. Nuveen Asset Management LLC boosted its stake in shares of Kanzhun by 3.2% in the 4th quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock valued at $8,961,000 after purchasing an additional 20,100 shares during the last quarter. Nan Fung Trinity HK Ltd. bought a new position in shares of Kanzhun in the 4th quarter valued at about $24,521,000. Centiva Capital LP boosted its stake in shares of Kanzhun by 334.4% in the 4th quarter. Centiva Capital LP now owns 111,876 shares of the company's stock valued at $1,544,000 after purchasing an additional 86,120 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kanzhun by 14.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,816 shares of the company's stock valued at $5,849,000 after purchasing an additional 53,225 shares during the last quarter. Institutional investors own 60.67% of the company's stock.
About Kanzhun
(
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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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