Mariner LLC Has $1.94 Million Stake in Kanzhun Limited (NASDAQ:BZ)

Mariner LLC boosted its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 63.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,874 shares of the company's stock after purchasing an additional 54,543 shares during the period. Mariner LLC's holdings in Kanzhun were worth $1,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Kanzhun by 58.7% during the 3rd quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after buying an additional 166,683 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Kanzhun during the fourth quarter worth about $333,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Kanzhun by 112.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock valued at $2,769,000 after purchasing an additional 106,226 shares during the last quarter. Nan Fung Trinity HK Ltd. bought a new position in Kanzhun in the fourth quarter valued at approximately $24,521,000. Finally, Geode Capital Management LLC increased its position in shares of Kanzhun by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,822,128 shares of the company's stock worth $31,404,000 after purchasing an additional 58,065 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Kanzhun Stock Performance

Shares of BZ stock traded down $0.24 during midday trading on Friday, hitting $14.36. 2,244,052 shares of the company were exchanged, compared to its average volume of 4,692,019. The firm has a market capitalization of $5.59 billion, a P/E ratio of 31.91 and a beta of 0.32. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The firm's 50 day moving average price is $16.81 and its two-hundred day moving average price is $15.23.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays increased their price objective on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $21.71.

Kanzhun 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.