Quantbot Technologies LP Takes $306,000 Position in Kanzhun Limited (NASDAQ:BZ)

Quantbot Technologies LP acquired a new stake in Kanzhun Limited (NASDAQ:BZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,173 shares of the company’s stock, valued at approximately $306,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in shares of Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after acquiring an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Kanzhun in the 4th quarter valued at about $63,000. Wolverine Trading LLC purchased a new position in Kanzhun in the 3rd quarter valued at about $263,000. Polymer Capital Management HK LTD acquired a new stake in shares of Kanzhun during the 3rd quarter worth about $314,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Kanzhun during the fourth quarter worth about $333,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Finally, Citigroup dropped their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Kanzhun currently has an average rating of “Moderate Buy” and an average target price of $21.71.

Kanzhun Trading Down 3.0 %

Shares of Kanzhun stock opened at $19.46 on Friday. The business’s fifty day moving average price is $16.75 and its 200 day moving average price is $15.19. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock has a market capitalization of $7.41 billion, a P/E ratio of 43.25 and a beta of 0.46.

About Kanzhun

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.