Principal Financial Group Inc. bought a new position in shares of Kanzhun Limited (NASDAQ:BZ – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 36,388 shares of the company’s stock, valued at approximately $684,000.
Other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Kanzhun during the 2nd quarter valued at $44,000. Blue Trust Inc. raised its holdings in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after purchasing an additional 1,347 shares during the last quarter. DNB Asset Management AS lifted its position in shares of Kanzhun by 21.7% in the 2nd quarter. DNB Asset Management AS now owns 17,544 shares of the company’s stock worth $330,000 after purchasing an additional 3,123 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Kanzhun in the 4th quarter valued at $348,000. Finally, Bayesian Capital Management LP acquired a new stake in Kanzhun during the 1st quarter worth about $500,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Kanzhun Price Performance
Shares of BZ opened at $12.16 on Friday. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a market capitalization of $4.63 billion, a P/E ratio of 31.18 and a beta of 0.47. The firm’s 50 day simple moving average is $14.29 and its 200 day simple moving average is $17.68.
Analyst Ratings Changes
View Our Latest Report on Kanzhun
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.
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