Pictet Asset Management Holding SA Buys 30,568 Shares of Kanzhun Limited (NASDAQ:BZ)

Pictet Asset Management Holding SA raised its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 444,752 shares of the company's stock after acquiring an additional 30,568 shares during the period. Pictet Asset Management Holding SA owned 0.12% of Kanzhun worth $6,138,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Kanzhun in the 4th quarter worth $64,060,000. Brilliance Asset Management Ltd. grew its position in Kanzhun by 7.5% during the fourth quarter. Brilliance Asset Management Ltd. now owns 7,300,256 shares of the company's stock valued at $100,744,000 after purchasing an additional 510,745 shares in the last quarter. Korea Investment CORP increased its stake in shares of Kanzhun by 118.6% in the fourth quarter. Korea Investment CORP now owns 178,590 shares of the company's stock worth $2,465,000 after acquiring an additional 96,900 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Kanzhun by 8.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 521,349 shares of the company's stock worth $7,195,000 after purchasing an additional 40,667 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Kanzhun by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock valued at $198,687,000 after acquiring an additional 1,885,658 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

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Kanzhun Trading Down 6.4 %

Shares of NASDAQ:BZ traded down $0.96 during trading on Tuesday, reaching $14.15. 9,892,303 shares of the stock were exchanged, compared to its average volume of 4,642,455. The firm has a market cap of $5.44 billion, a PE ratio of 31.45 and a beta of 0.32. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The stock has a 50-day moving average price of $17.10 and a 200-day moving average price of $15.47.

Analyst Ratings Changes

A number of research firms have recently commented on BZ. Barclays lifted their price target on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price 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 issued a buy rating to the stock. According to MarketBeat.com, Kanzhun currently has a consensus rating of "Moderate Buy" and a consensus target price 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.