Brilliance Asset Management Ltd. Buys 510,745 Shares of Kanzhun Limited (NASDAQ:BZ)

Brilliance Asset Management Ltd. increased its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,300,256 shares of the company's stock after buying an additional 510,745 shares during the quarter. Kanzhun comprises 22.7% of Brilliance Asset Management Ltd.'s portfolio, making the stock its 2nd largest position. Brilliance Asset Management Ltd. owned about 1.92% of Kanzhun worth $100,744,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BZ. DRW Securities LLC purchased a new stake in Kanzhun during the 3rd quarter worth $203,000. Hancock Whitney Corp acquired a new position in shares of Kanzhun in the third quarter worth about $228,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Kanzhun by 83.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,585,700 shares of the company's stock valued at $44,888,000 after purchasing an additional 1,174,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Kanzhun by 18.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,964 shares of the company's stock valued at $3,628,000 after purchasing an additional 32,806 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kanzhun by 812.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company's stock worth $123,607,000 after purchasing an additional 6,339,911 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BZ shares. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays raised their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.

Kanzhun Stock Down 2.0 %

Shares of NASDAQ:BZ traded down $0.38 on Monday, reaching $19.08. 2,937,356 shares of the company's stock were exchanged, compared to its average volume of 4,755,641. The business's 50-day moving average is $16.75 and its two-hundred day moving average is $15.23. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 42.39 and a beta of 0.46.

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.