Kanzhun Limited (NASDAQ:BZ) Shares Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC lifted its position in Kanzhun Limited (NASDAQ:BZ) by 49.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,376,890 shares of the company’s stock after buying an additional 5,432,730 shares during the quarter. Kanzhun comprises approximately 9.2% of Krane Funds Advisors LLC’s holdings, making the stock its 4th biggest position. Krane Funds Advisors LLC’s holdings in Kanzhun were worth $226,001,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in Kanzhun by 403.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after acquiring an additional 1,427 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after purchasing an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Kanzhun in the fourth quarter valued at about $63,000. Virtu Financial LLC acquired a new stake in shares of Kanzhun during the 4th quarter worth about $162,000. Finally, Premier Fund Managers Ltd boosted its holdings in shares of Kanzhun by 25.4% during the 4th quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock worth $180,000 after buying an additional 2,661 shares during the period. 60.67% of the stock is owned by institutional investors.

Kanzhun Trading Down 18.3 %

Shares of Kanzhun stock opened at $15.42 on Monday. The company has a 50 day moving average of $17.12 and a 200-day moving average of $15.45. The company has a market cap of $5.92 billion, a PE ratio of 34.27 and a beta of 0.32. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BZ. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Barclays boosted their price target on Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kanzhun presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

Kanzhun Company 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.