Mitsubishi UFJ Trust & Banking Corp Boosts Holdings in Kanzhun Limited (NASDAQ:BZ)

Mitsubishi UFJ Trust & Banking Corp grew its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 521,349 shares of the company's stock after buying an additional 40,667 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.14% of Kanzhun worth $7,195,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in BZ. Nomura Asset Management Co. Ltd. raised its stake in Kanzhun by 7,012.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company's stock valued at $40,378,000 after buying an additional 2,293,229 shares in the last quarter. Barclays PLC raised its position 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 acquiring an additional 166,683 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Kanzhun during the 4th quarter worth about $333,000. Mirae Asset Global Investments Co. Ltd. lifted its stake 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 worth $2,769,000 after purchasing an additional 106,226 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Kanzhun in the third quarter valued at approximately $1,430,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Down 18.3 %

NASDAQ:BZ traded down $3.45 during trading hours on Friday, reaching $15.42. 14,103,431 shares of the company's stock were exchanged, compared to its average volume of 4,602,490. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 34.27 and a beta of 0.46. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a 50-day moving average of $17.12 and a 200 day moving average of $15.40.

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Analyst Ratings Changes

A number of research firms have weighed in on BZ. Barclays raised their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.

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.