Capital World Investors lifted its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 636.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,828,732 shares of the company's stock after acquiring an additional 11,950,467 shares during the quarter. Capital World Investors owned 3.63% of Kanzhun worth $190,837,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. First Trust Advisors LP raised its stake in Kanzhun by 7.7% during the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after acquiring an additional 999 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Kanzhun by 60.1% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,689,300 shares of the company's stock worth $37,112,000 after purchasing an additional 1,009,790 shares during the period. XTX Topco Ltd bought a new stake in shares of Kanzhun in the 4th quarter worth approximately $456,000. Mariner LLC boosted its position in Kanzhun by 63.2% during the 4th quarter. Mariner LLC now owns 140,874 shares of the company's stock valued at $1,944,000 after purchasing an additional 54,543 shares during the period. Finally, Townsquare Capital LLC bought a new position in Kanzhun during the 4th quarter worth $157,000. 60.67% of the stock is currently owned by institutional investors.
Kanzhun Price Performance
Shares of Kanzhun stock traded down $0.24 on Friday, hitting $14.36. The company had a trading volume of 2,244,052 shares, compared to its average volume of 4,682,337. 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 $5.54 billion, a PE ratio of 31.91 and a beta of 0.32. The business has a 50-day simple moving average of $16.83 and a 200-day simple moving average of $15.26.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on BZ. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays boosted 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.
Get Our Latest Report on BZ
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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