Lazard Asset Management LLC reduced its stake in Kanzhun Limited (NASDAQ:BZ – Free Report) by 4.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 575,077 shares of the company’s stock after selling 26,066 shares during the quarter. Lazard Asset Management LLC owned 0.15% of Kanzhun worth $10,081,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwab Charitable Fund bought a new stake in Kanzhun in the 4th quarter valued at about $182,000. Quadrature Capital Ltd bought a new position in shares of Kanzhun in the fourth quarter worth approximately $348,000. Daiwa Securities Group Inc. increased its position in shares of Kanzhun by 16.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock worth $398,000 after purchasing an additional 3,470 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Kanzhun in the first quarter worth approximately $600,000. Finally, Qtron Investments LLC bought a new position in shares of Kanzhun in the fourth quarter worth approximately $692,000. 60.67% of the stock is owned by hedge funds and other institutional investors.
Kanzhun Trading Down 0.1 %
Shares of NASDAQ:BZ traded down $0.02 during trading on Friday, reaching $13.71. 3,426,890 shares of the company traded hands, compared to its average volume of 3,869,795. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 35.15 and a beta of 0.49. Kanzhun Limited has a 52-week low of $12.57 and a 52-week high of $22.74. The business’s fifty day moving average is $19.33 and its 200-day moving average is $17.98.
Analysts Set New Price Targets
Several research firms recently weighed in on BZ. UBS Group upped their price objective on shares of Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Daiwa America upgraded shares of Kanzhun to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. HSBC started coverage on Kanzhun in a research note on Friday, May 24th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Daiwa Capital Markets lowered Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.71.
Read Our Latest Stock Report on BZ
Kanzhun Company 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.
Further Reading
- Five stocks we like better than Kanzhun
- Best Stocks Under $10.00
- Is Crypto Cool Again? What Stocks You Should Be Watching
- What Are Dividend Champions? How to Invest in the Champions
- Why Call Options Volume for These 2 Stocks Spiked Together
- What Do S&P 500 Stocks Tell Investors About the Market?
- MarketBeat Week in Review – 7/22 – 7/26
Want to see what other hedge funds are holding BZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kanzhun Limited (NASDAQ:BZ – Free Report).
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.