National Bank of Canada FI Buys Shares of 2,619,912 Kanzhun Limited (NASDAQ:BZ)

National Bank of Canada FI purchased a new stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,619,912 shares of the company's stock, valued at approximately $45,482,000. National Bank of Canada FI owned 0.69% of Kanzhun as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CoreView Capital Management Ltd grew its position in shares of Kanzhun by 146.4% during the 3rd quarter. CoreView Capital Management Ltd now owns 2,475,067 shares of the company's stock worth $42,967,000 after buying an additional 1,470,744 shares in the last quarter. Wolverine Trading LLC bought a new position in shares of Kanzhun during the 3rd quarter worth $263,000. State Street Corp grew its position in shares of Kanzhun by 2.8% during the 3rd quarter. State Street Corp now owns 5,084,631 shares of the company's stock worth $88,269,000 after buying an additional 138,804 shares in the last quarter. Polymer Capital Management HK LTD bought a new position in shares of Kanzhun during the 3rd quarter worth $314,000. Finally, Centiva Capital LP grew its position in shares of Kanzhun by 23.5% during the 3rd quarter. Centiva Capital LP now owns 25,756 shares of the company's stock worth $447,000 after buying an additional 4,895 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Kanzhun Stock Performance

Shares of BZ traded up $1.42 during trading hours on Monday, hitting $15.34. 4,655,778 shares of the company were exchanged, compared to its average volume of 4,133,297. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The company has a market cap of $5.82 billion, a PE ratio of 35.68 and a beta of 0.50. The firm's 50 day moving average is $14.90 and its 200-day moving average is $15.79.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BZ. CLSA started coverage on Kanzhun in a research note on Monday, November 18th. They set an "outperform" rating and a $18.00 price target on the stock. Barclays lifted their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday. Citigroup dropped their price target on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. Finally, Sanford C. Bernstein downgraded Kanzhun from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $19.00 to $15.00 in a report on Monday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Kanzhun presently has an average rating of "Moderate Buy" and an average price target of $21.00.

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.