Kanzhun Limited (NASDAQ:BZ) Position Raised by Krane Funds Advisors LLC

Krane Funds Advisors LLC lifted its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,376,890 shares of the company's stock after acquiring an additional 5,432,730 shares during the period. Kanzhun makes up 9.2% of Krane Funds Advisors LLC's holdings, making the stock its 4th biggest holding. Krane Funds Advisors LLC owned 4.30% of Kanzhun worth $226,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BZ. Polymer Capital Management HK LTD boosted its holdings in Kanzhun by 1,267.4% during the 4th quarter. Polymer Capital Management HK LTD now owns 247,492 shares of the company's stock worth $3,415,000 after acquiring an additional 229,392 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after purchasing an additional 1,427 shares during the last quarter. Aviva PLC increased its stake in Kanzhun by 2.8% in the 4th quarter. Aviva PLC now owns 179,300 shares of the company's stock valued at $2,474,000 after buying an additional 4,900 shares during the last quarter. HCEP Management Ltd lifted its position in shares of Kanzhun by 200.0% during the 4th quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock worth $41,400,000 after buying an additional 2,000,000 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of Kanzhun in the 4th quarter worth approximately $883,000. Institutional investors and hedge funds own 60.67% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently commented on BZ. 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. Barclays lifted their price target on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.71.

Kanzhun Price Performance

NASDAQ:BZ traded up $0.22 during mid-day trading on Friday, reaching $14.53. 8,637,879 shares of the company's stock traded hands, compared to its average volume of 4,664,081. The company has a 50 day moving average price of $17.09 and a 200-day moving average price of $15.48. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 32.29 and a beta of 0.32. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74.

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.