Brilliance Asset Management Ltd. Has $100.74 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Brilliance Asset Management Ltd. increased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,300,256 shares of the company’s stock after acquiring an additional 510,745 shares during the period. Kanzhun comprises approximately 22.7% of Brilliance Asset Management Ltd.’s holdings, making the stock its 2nd largest holding. Brilliance Asset Management Ltd.’s holdings in Kanzhun were worth $100,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. DRW Securities LLC acquired a new stake in Kanzhun in the 3rd quarter valued at about $203,000. Hancock Whitney Corp bought a new stake in shares of Kanzhun during the third quarter valued at approximately $228,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Kanzhun by 83.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,585,700 shares of the company’s stock valued at $44,888,000 after purchasing an additional 1,174,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Kanzhun by 18.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,964 shares of the company’s stock worth $3,628,000 after purchasing an additional 32,806 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kanzhun by 812.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock worth $123,607,000 after buying an additional 6,339,911 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Trading Down 0.9 %

NASDAQ BZ opened at $19.73 on Thursday. The company has a market capitalization of $7.52 billion, a PE ratio of 43.85 and a beta of 0.46. The stock has a 50-day simple moving average of $16.53 and a 200 day simple moving average of $15.11. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

Analyst Ratings Changes

Several research firms have recently commented on BZ. Citigroup lowered their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Barclays lifted their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.71.

About Kanzhun

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.