Kanzhun Limited (NASDAQ:BZ) Stock Holdings Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 423,816 shares of the company's stock after purchasing an additional 53,225 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.11% of Kanzhun worth $5,849,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BZ. Nomura Asset Management Co. Ltd. increased its stake in Kanzhun by 7,012.9% in 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 in the last quarter. Barclays PLC raised its stake in Kanzhun by 58.7% during the third quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after purchasing an additional 166,683 shares during the period. Monolith Management Ltd purchased a new stake in Kanzhun during the third quarter valued at about $4,340,000. Union Bancaire Privee UBP SA acquired a new stake in Kanzhun during the 4th quarter worth approximately $333,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kanzhun by 112.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock worth $2,769,000 after acquiring an additional 106,226 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Stock Down 3.0 %

Shares of NASDAQ BZ traded down $0.60 during mid-day trading on Friday, hitting $19.46. 5,296,218 shares of the company traded hands, compared to its average volume of 4,538,920. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 43.25 and a beta of 0.46. The business has a 50 day moving average of $16.66 and a two-hundred day moving average of $15.14.

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Analyst Ratings Changes

Several analysts have issued reports on BZ shares. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays lifted their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Finally, Citigroup cut their target price on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.71.

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.