XTX Topco Ltd Makes New $456,000 Investment in Kanzhun Limited (NASDAQ:BZ)

XTX Topco Ltd bought a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,020 shares of the company's stock, valued at approximately $456,000.

A number of other hedge funds also recently bought and sold shares of BZ. Barclays PLC grew its stake in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after acquiring an additional 166,683 shares during the period. Geode Capital Management LLC grew its position in Kanzhun by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,128 shares of the company's stock worth $31,404,000 after purchasing an additional 58,065 shares during the period. Tidal Investments LLC purchased a new stake in Kanzhun during the 3rd quarter valued at $662,000. Franklin Resources Inc. lifted its holdings in shares of Kanzhun by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock valued at $2,201,000 after buying an additional 15,497 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of Kanzhun by 13.8% in the 4th quarter. Nordea Investment Management AB now owns 282,510 shares of the company's stock worth $3,928,000 after buying an additional 34,284 shares during the last quarter. Institutional investors own 60.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BZ. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays upped their target price on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Kanzhun has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.

Kanzhun Stock Down 1.7 %

BZ stock traded down $0.25 during trading on Friday, reaching $14.35. The company's stock had a trading volume of 1,711,720 shares, compared to its average volume of 4,682,201. The company's fifty day moving average is $16.83 and its 200-day moving average is $15.26. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The company has a market capitalization of $5.53 billion, a P/E ratio of 31.85 and a beta of 0.32.

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.