Canada Pension Plan Investment Board Has $37.11 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Canada Pension Plan Investment Board grew its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 60.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,689,300 shares of the company's stock after purchasing an additional 1,009,790 shares during the period. Canada Pension Plan Investment Board owned about 0.71% of Kanzhun worth $37,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its position in Kanzhun by 58.7% during the third quarter. Barclays PLC now owns 450,663 shares of the company's stock valued at $7,824,000 after purchasing an additional 166,683 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Kanzhun by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,822,128 shares of the company's stock valued at $31,404,000 after buying an additional 58,065 shares during the last quarter. Tidal Investments LLC bought a new position in shares of Kanzhun in the third quarter valued at $662,000. Franklin Resources Inc. increased its holdings in Kanzhun by 12.8% during the third quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock worth $2,201,000 after buying an additional 15,497 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Kanzhun by 13.8% in the 4th quarter. Nordea Investment Management AB now owns 282,510 shares of the company's stock valued at $3,928,000 after purchasing an additional 34,284 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BZ has been the topic of a number of recent analyst reports. Barclays boosted their price target on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.71.

Kanzhun Price Performance

NASDAQ BZ traded up $0.10 on Thursday, reaching $14.71. The stock had a trading volume of 1,286,688 shares, compared to its average volume of 4,683,910. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a market cap of $5.67 billion, a P/E ratio of 32.75 and a beta of 0.32. The firm has a fifty day moving average of $16.87 and a two-hundred day moving average of $15.29.

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.