UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 6,339,911 Shares of Kanzhun Limited (NASDAQ:BZ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 812.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,120,232 shares of the company's stock after purchasing an additional 6,339,911 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.87% of Kanzhun worth $123,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of Kanzhun by 80.5% during the 1st quarter. California State Teachers Retirement System now owns 62,681 shares of the company's stock worth $1,099,000 after acquiring an additional 27,954 shares in the last quarter. Swedbank AB acquired a new stake in shares of Kanzhun in the 1st quarter valued at about $861,000. DekaBank Deutsche Girozentrale lifted its stake in Kanzhun by 6.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company's stock valued at $565,000 after buying an additional 1,977 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of Kanzhun by 21.7% in the second quarter. DNB Asset Management AS now owns 17,544 shares of the company's stock valued at $330,000 after buying an additional 3,123 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Kanzhun by 20.5% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 210,998 shares of the company's stock worth $3,969,000 after purchasing an additional 35,871 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Kanzhun Stock Up 3.7 %

Kanzhun stock traded up $0.50 during mid-day trading on Monday, hitting $14.00. 4,357,956 shares of the company were exchanged, compared to its average volume of 4,137,733. The business has a fifty day moving average of $15.06 and a 200 day moving average of $16.13. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a market capitalization of $5.31 billion, a PE ratio of 33.00 and a beta of 0.55.

Analyst Ratings Changes

A number of research analysts have issued reports on BZ shares. CLSA started coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an "outperform" rating and a $18.00 target price on the stock. Citigroup lowered their price objective on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a report on Friday. Finally, Barclays cut their price objective on shares of Kanzhun from $27.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.57.

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.