Kanzhun Limited (NASDAQ:BZ) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 7.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,838,725 shares of the company’s stock after buying an additional 986,213 shares during the quarter. Schroder Investment Management Group’s holdings in Kanzhun were worth $204,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake 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 acquiring an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Kanzhun in the 4th quarter worth approximately $63,000. Virtu Financial LLC purchased a new stake in Kanzhun during the 4th quarter worth approximately $162,000. Premier Fund Managers Ltd increased its stake in Kanzhun by 25.4% during the 4th quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock valued at $180,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in shares of Kanzhun in the third quarter worth $263,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays upped their price target on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. 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, Kanzhun currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Kanzhun Price Performance

Shares of Kanzhun stock opened at $19.46 on Friday. The business has a 50 day simple moving average of $16.75 and a two-hundred day simple moving average of $15.21. The stock has a market capitalization of $7.41 billion, a P/E ratio of 43.25 and a beta of 0.46. 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.