Price T Rowe Associates Inc. MD lowered its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 50.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,355,463 shares of the company's stock after selling 6,471,901 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.67% of Kanzhun worth $87,708,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC raised 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 valued at $25,000 after buying an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kanzhun by 107.5% in 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 during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Kanzhun in the 4th quarter worth about $63,000. Townsquare Capital LLC bought a new stake in Kanzhun during the 4th quarter valued at about $157,000. Finally, Virtu Financial LLC bought a new stake in Kanzhun during the 4th quarter valued at about $162,000. Institutional investors own 60.67% of the company's stock.
Kanzhun Trading Up 5.5 %
Shares of BZ traded up $0.86 during trading hours on Friday, reaching $16.36. 2,839,440 shares of the stock traded hands, compared to its average volume of 4,644,929. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The company has a market cap of $6.37 billion, a P/E ratio of 36.36 and a beta of 0.32. The company's 50-day moving average price is $16.77 and its two-hundred day moving average price is $15.20.
Wall Street Analyst Weigh In
A number of research firms have recently commented on BZ. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays lifted their target price on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.71.
Get Our Latest Analysis 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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