Polymer Capital Management HK LTD increased its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 1,267.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 247,492 shares of the company's stock after purchasing an additional 229,392 shares during the period. Polymer Capital Management HK LTD owned 0.06% of Kanzhun worth $3,415,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in BZ. Norges Bank acquired a new stake in shares of Kanzhun during the fourth quarter worth about $64,060,000. National Bank of Canada FI purchased a new stake in Kanzhun during the 3rd quarter valued at approximately $45,482,000. Nomura Asset Management Co. Ltd. lifted its position in Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company's stock worth $40,378,000 after acquiring an additional 2,293,229 shares during the period. HCEP Management Ltd grew its stake in shares of Kanzhun by 200.0% in the 4th quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock valued at $41,400,000 after purchasing an additional 2,000,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Kanzhun by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after purchasing an additional 1,885,658 shares during the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have commented on BZ shares. Barclays upped their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.71.
Read Our Latest Research Report on BZ
Kanzhun Stock Down 0.8 %
Shares of NASDAQ BZ traded down $0.11 during midday trading on Friday, hitting $14.20. The company had a trading volume of 4,823,838 shares, compared to its average volume of 4,675,858. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 31.23 and a beta of 0.32. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The business has a 50-day simple moving average of $17.10 and a two-hundred day simple moving average of $15.48.
About Kanzhun
(
Free Report)
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.
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