California Public Employees Retirement System Purchases 21,527 Shares of Kanzhun Limited (NASDAQ:BZ)

California Public Employees Retirement System boosted its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 493,356 shares of the company's stock after buying an additional 21,527 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Kanzhun worth $6,808,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Centiva Capital LP increased its stake in Kanzhun by 23.5% during the 3rd quarter. Centiva Capital LP now owns 25,756 shares of the company's stock valued at $447,000 after purchasing an additional 4,895 shares in the last quarter. State Street Corp increased its position in shares of Kanzhun by 2.8% during the third quarter. State Street Corp now owns 5,084,631 shares of the company's stock valued at $88,269,000 after acquiring an additional 138,804 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Kanzhun during the third quarter valued at approximately $263,000. National Bank of Canada FI purchased a new position in Kanzhun in the 3rd quarter worth approximately $45,482,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company's stock valued at $40,378,000 after purchasing an additional 2,293,229 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BZ. Barclays upped their target price on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note 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 research report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.71.

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Kanzhun Price Performance

Shares of BZ stock traded up $0.22 on Friday, hitting $14.53. 8,637,879 shares of the stock traded hands, compared to its average volume of 4,664,081. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 32.29 and a beta of 0.32. The firm has a 50 day simple moving average of $17.09 and a two-hundred day simple moving average of $15.48. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.

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.