Bank of America Corp DE Boosts Holdings in Kanzhun Limited (NASDAQ:BZ)

Bank of America Corp DE increased its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 44.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,612,727 shares of the company's stock after purchasing an additional 1,737,071 shares during the quarter. Bank of America Corp DE owned 1.47% of Kanzhun worth $77,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BZ. First Trust Advisors LP boosted its holdings in Kanzhun by 7.7% during the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock valued at $192,000 after acquiring an additional 999 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after purchasing an additional 1,427 shares during the period. PNC Financial Services Group Inc. grew 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 worth $41,000 after purchasing an additional 1,542 shares during the last quarter. Swiss National Bank lifted its holdings in Kanzhun by 0.3% during the 4th quarter. Swiss National Bank now owns 600,966 shares of the company's stock valued at $8,293,000 after buying an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Kanzhun by 9.3% in the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock valued at $334,000 after buying an additional 2,066 shares during the period. Hedge funds and other institutional investors own 60.67% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BZ shares. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays lifted their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.

Kanzhun Trading Up 0.8%

Shares of NASDAQ:BZ traded up $0.15 on Friday, reaching $18.25. The company had a trading volume of 1,609,246 shares, compared to its average volume of 4,560,345. The firm has a market capitalization of $7.10 billion, a PE ratio of 40.56 and a beta of 0.35. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The firm's 50 day simple moving average is $16.84 and its 200-day simple moving average is $15.33.

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.