Kanzhun Limited (NASDAQ:BZ) Shares Acquired by Lbp Am Sa

LBP AM SA raised its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,988 shares of the company's stock after purchasing an additional 53,433 shares during the quarter. LBP AM SA owned 0.05% of Kanzhun worth $2,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BZ. Crossmark Global Holdings Inc. raised its holdings in shares of Kanzhun by 5.8% in the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company's stock valued at $241,000 after acquiring an additional 759 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after acquiring an additional 1,542 shares in the last quarter. Swiss National Bank raised its holdings in shares of Kanzhun by 0.3% in the fourth quarter. Swiss National Bank now owns 600,966 shares of the company's stock valued at $8,293,000 after acquiring an additional 1,900 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Kanzhun by 9.3% in the fourth quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock valued at $334,000 after acquiring an additional 2,066 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Kanzhun by 6.0% in the fourth quarter. US Bancorp DE now owns 42,456 shares of the company's stock valued at $586,000 after acquiring an additional 2,406 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

BZ has been the subject of several recent research reports. Citigroup decreased their price objective on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a report on Friday, November 29th. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Finally, Barclays boosted their target price 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.

Kanzhun Stock Performance

NASDAQ BZ traded down $0.27 during trading hours on Thursday, reaching $20.29. The stock had a trading volume of 6,977,440 shares, compared to its average volume of 4,581,933. The stock has a fifty day moving average of $15.89 and a 200 day moving average of $14.84. The stock has a market cap of $7.73 billion, a P/E ratio of 45.09 and a beta of 0.46. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74.

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.