Headlands Technologies LLC Makes New $1.37 Million Investment in Kanzhun Limited (NASDAQ:BZ)

Headlands Technologies LLC bought a new stake in Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 99,009 shares of the company's stock, valued at approximately $1,366,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Kanzhun by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 1,889,447 shares of the company's stock worth $25,929,000 after purchasing an additional 67,319 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Kanzhun by 9.4% during the 4th quarter. Franklin Resources Inc. now owns 149,540 shares of the company's stock worth $2,064,000 after buying an additional 12,812 shares during the period. California Public Employees Retirement System grew its stake in Kanzhun by 4.6% in the 4th quarter. California Public Employees Retirement System now owns 493,356 shares of the company's stock valued at $6,808,000 after buying an additional 21,527 shares during the last quarter. Schroder Investment Management Group raised its holdings in Kanzhun by 7.1% in the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock valued at $204,774,000 after acquiring an additional 986,213 shares during the period. Finally, Premier Fund Managers Ltd lifted its position in Kanzhun by 25.4% during the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company's stock worth $180,000 after acquiring an additional 2,661 shares during the last quarter. Institutional investors own 60.67% of the company's stock.

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Wall Street Analyst Weigh In

BZ has been the topic of several research reports. Barclays upped their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $21.71.

Kanzhun Stock Down 18.3 %

Shares of BZ traded down $3.45 during trading hours on Friday, hitting $15.42. 14,103,431 shares of the company were exchanged, compared to its average volume of 4,599,493. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 34.27 and a beta of 0.32. The firm's fifty day moving average is $17.12 and its 200 day moving average is $15.43.

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.