Quantbot Technologies LP grew its position in Kanzhun Limited (NASDAQ:BZ – Free Report) by 1,114.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,867 shares of the company’s stock after purchasing an additional 54,018 shares during the period. Quantbot Technologies LP’s holdings in Kanzhun were worth $1,032,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwab Charitable Fund acquired a new position in shares of Kanzhun during the 4th quarter valued at about $182,000. DNB Asset Management AS bought a new position in shares of Kanzhun in the fourth quarter valued at approximately $207,000. Quadrature Capital Ltd acquired a new stake in shares of Kanzhun in the fourth quarter worth $348,000. Daiwa Securities Group Inc. boosted its holdings in shares of Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock worth $398,000 after buying an additional 3,470 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Kanzhun in the 1st quarter valued at $600,000. 60.67% of the stock is owned by hedge funds and other institutional investors.
Kanzhun Price Performance
Shares of Kanzhun stock opened at $19.09 on Friday. The firm has a 50 day simple moving average of $20.38 and a 200 day simple moving average of $17.98. Kanzhun Limited has a fifty-two week low of $12.57 and a fifty-two week high of $22.74. The firm has a market cap of $7.26 billion, a P/E ratio of 48.95 and a beta of 0.49.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on BZ shares. JPMorgan Chase & Co. raised their price target on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. HSBC assumed coverage on Kanzhun in a research report on Friday, May 24th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, UBS Group increased their price objective on Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.13.
Read Our Latest Research Report on BZ
Kanzhun Profile
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.
Recommended Stories
- Five stocks we like better than Kanzhun
- What Are Dividend Champions? How to Invest in the Champions
- Top 3 Defense Stocks That Should Be on Your Radar
- Roth IRA Calculator: Calculate Your Potential Returns
- Why This Banking Stock Might Be Nearing the Bottom of Its Cycle
- What Are Dividends? Buy the Best Dividend Stocks
- MarketBeat Week in Review – 7/8 – 7/12
Receive News & Ratings for Kanzhun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kanzhun and related companies with MarketBeat.com's FREE daily email newsletter.