Arrowstreet Capital Limited Partnership Raises Stock Holdings in KANZHUN LIMITED Sponsored ADR $BZ
Arrowstreet Capital Limited Partnership increased its stake in KANZHUN LIMITED by 299.4% in Q2, owning 4,399,712 shares valued at $78.49 million. Other institutional investors also raised their holdings. Analysts have mixed ratings on KANZHUN, with a consensus of 'Moderate Buy' and an average target price of $24.00. KANZHUN's stock opened at $21.63, with a market cap of $8.96 billion.
Arrowstreet Capital Limited Partnership boosted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 299.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,399,712 shares of the company's stock after purchasing an additional 3,298,187 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.07% of KANZHUN worth $78,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- Kanzhun Stock Outlook Promising With China's Reopening
Several other hedge funds have also bought and sold shares of BZ. Schroder Investment Management Group increased its holdings in shares of KANZHUN by 15.8% in the 2nd quarter. Schroder Investment Management Group now owns 18,258,321 shares of the company's stock worth $325,728,000 after buying an additional 2,486,499 shares during the last quarter. Vanguard Group Inc. grew its position in KANZHUN by 2.9% in the first quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company's stock worth $284,133,000 after acquiring an additional 424,153 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in KANZHUN by 1,474.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company's stock valued at $183,130,000 after acquiring an additional 8,946,253 shares during the last quarter. JPMorgan Chase & Co. raised its position in KANZHUN by 9.3% during the second quarter. JPMorgan Chase & Co. now owns 9,455,233 shares of the company's stock valued at $168,681,000 after purchasing an additional 801,373 shares in the last quarter. Finally, WFM ASIA BVI Ltd raised its position in KANZHUN by 9.5% during the first quarter. WFM ASIA BVI Ltd now owns 8,658,500 shares of the company's stock valued at $165,983,000 after purchasing an additional 751,200 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a "buy" rating on shares of KANZHUN in a report on Monday, September 22nd. Wall Street Zen lowered KANZHUN from a "buy" rating to a "hold" rating in a research note on Saturday, November 29th. Jefferies Financial Group lifted their price target on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a report on Monday, November 10th. Finally, Barclays upped their price objective on shares of KANZHUN from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $24.00.
View Our Latest Research Report on KANZHUN
KANZHUN Stock Down 1.8%
NASDAQ:BZ opened at $21.63 on Thursday. The firm has a market capitalization of $8.96 billion, a P/E ratio of 28.46 and a beta of 0.42. The company has a fifty day moving average of $22.05 and a 200 day moving average of $20.83. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.85 and a 52 week high of $25.26.
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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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 Sponsored ADR (NASDAQ:BZ - Free Report).
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