White Oak Capital Partners Pte. Ltd. bought a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 30,113 shares of the company's stock, valued at approximately $413,000. Kanzhun accounts for 0.2% of White Oak Capital Partners Pte. Ltd.'s investment portfolio, making the stock its 10th biggest position.
Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after purchasing an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after buying an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in Kanzhun in the 4th quarter valued at about $63,000. Townsquare Capital LLC bought a new position in Kanzhun in the 4th quarter worth about $157,000. Finally, Virtu Financial LLC purchased a new position in shares of Kanzhun during the fourth quarter worth approximately $162,000. Institutional investors own 60.67% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on BZ. Barclays boosted their price target on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Kanzhun presently has an average rating of "Moderate Buy" and a consensus target price of $21.71.
Read Our Latest Stock Analysis on Kanzhun
Kanzhun Stock Performance
Kanzhun stock traded up $0.57 during mid-day trading on Monday, reaching $14.93. 825,651 shares of the company were exchanged, compared to its average volume of 4,676,725. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The business has a fifty day moving average of $16.81 and a 200 day moving average of $15.21. The firm has a market cap of $5.81 billion, a P/E ratio of 33.12 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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