Renaissance Technologies LLC Purchases 390,500 Shares of Kanzhun Limited (NASDAQ:BZ)

Renaissance Technologies LLC lifted its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,178,300 shares of the company's stock after buying an additional 390,500 shares during the period. Renaissance Technologies LLC owned about 0.83% of Kanzhun worth $43,861,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BZ. Krane Funds Advisors LLC increased its position in Kanzhun by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock valued at $226,001,000 after acquiring an additional 5,432,730 shares during the last quarter. Polymer Capital Management HK LTD boosted its stake in shares of 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 purchasing an additional 229,392 shares during the period. Quadrant Capital Group LLC grew its holdings in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after purchasing an additional 1,427 shares during the last quarter. Aviva PLC raised its position in Kanzhun by 2.8% in the 4th quarter. Aviva PLC now owns 179,300 shares of the company's stock worth $2,474,000 after purchasing an additional 4,900 shares during the period. Finally, HCEP Management Ltd lifted its stake in Kanzhun by 200.0% in the fourth quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock worth $41,400,000 after purchasing an additional 2,000,000 shares during the last quarter. Institutional investors own 60.67% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays increased their target price on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.

Kanzhun Stock Performance

Kanzhun stock traded down $0.25 during midday trading on Tuesday, hitting $14.30. 3,642,647 shares of the company's stock were exchanged, compared to its average volume of 4,672,694. The company has a market cap of $5.50 billion, a PE ratio of 31.77 and a beta of 0.32. The firm has a 50-day moving average of $17.09 and a two-hundred day moving average of $15.45. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

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.