White Oak Capital Partners Pte. Ltd. Buys New Stake in Kanzhun Limited (NASDAQ:BZ)

White Oak Capital Partners Pte. Ltd. purchased a new position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,113 shares of the company's stock, valued at approximately $413,000. Kanzhun makes up 0.2% of White Oak Capital Partners Pte. Ltd.'s holdings, making the stock its 10th largest holding.

Other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after acquiring an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun in the fourth quarter valued at $63,000. Townsquare Capital LLC acquired a new position in Kanzhun in the fourth quarter valued at $157,000. Finally, Virtu Financial LLC purchased a new position in Kanzhun during the fourth quarter worth about $162,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Performance

NASDAQ BZ opened at $13.88 on Wednesday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 30.85 and a beta of 0.32. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The company's 50 day moving average price is $16.91 and its 200 day moving average price is $15.29.

Analyst Ratings Changes

Several analysts have commented on BZ shares. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays upped their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.

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