Vanguard Group Inc. lifted its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,397,602 shares of the company's stock after acquiring an additional 1,885,658 shares during the period. Vanguard Group Inc. owned 3.78% of Kanzhun worth $198,687,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the stock. National Bank of Canada FI purchased a new stake in Kanzhun in the third quarter worth about $45,482,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Kanzhun by 7,012.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company's stock worth $40,378,000 after purchasing an additional 2,293,229 shares during the period. Nan Fung Trinity HK Ltd. purchased a new stake in shares of Kanzhun in the fourth quarter worth about $24,521,000. Jennison Associates LLC increased its holdings in Kanzhun by 79.7% in the fourth quarter. Jennison Associates LLC now owns 3,329,853 shares of the company's stock valued at $45,952,000 after buying an additional 1,476,693 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Kanzhun by 86.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,068,555 shares of the company's stock worth $41,855,000 after buying an additional 1,419,579 shares during the period. 60.67% of the stock is owned by institutional investors.
Kanzhun Price Performance
NASDAQ:BZ traded up $0.22 on Friday, reaching $14.53. The stock had a trading volume of 8,637,879 shares, compared to its average volume of 4,664,080. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The firm's fifty day moving average is $17.09 and its two-hundred day moving average is $15.48. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 32.29 and a beta of 0.32.
Analyst Ratings Changes
A number of research firms have weighed in on BZ. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays increased 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.71.
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About Kanzhun
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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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