BNP Paribas Financial Markets Takes $19.93 Million Position in Kanzhun Limited (NASDAQ:BZ)

BNP Paribas Financial Markets purchased a new stake in Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,443,933 shares of the company's stock, valued at approximately $19,926,000. BNP Paribas Financial Markets owned approximately 0.38% of Kanzhun as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Bienville Capital Management LLC bought a new position in shares of Kanzhun in the fourth quarter worth approximately $11,968,000. Northern Trust Corp raised its position in Kanzhun by 197.6% during the fourth quarter. Northern Trust Corp now owns 1,242,384 shares of the company's stock valued at $17,145,000 after purchasing an additional 824,853 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Kanzhun during the fourth quarter valued at about $160,000. Hancock Whitney Corp increased its position in shares of Kanzhun by 70.0% during the 4th quarter. Hancock Whitney Corp now owns 22,351 shares of the company's stock valued at $308,000 after purchasing an additional 9,205 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Kanzhun by 38.6% during the 4th quarter. Voya Investment Management LLC now owns 19,031 shares of the company's stock valued at $263,000 after purchasing an additional 5,302 shares during the last quarter. Institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays lifted their price target 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 assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.71.

Kanzhun Stock Down 2.2%

Shares of BZ stock traded down $0.42 during mid-day trading on Thursday, reaching $18.07. 1,660,544 shares of the company's stock traded hands, compared to its average volume of 4,577,223. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The company has a market cap of $7.03 billion, a P/E ratio of 40.15 and a beta of 0.35. The company's 50-day moving average price is $16.82 and its 200-day moving average price is $15.29.

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.