Capital World Investors Has $190.84 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Capital World Investors grew its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 636.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,828,732 shares of the company's stock after buying an additional 11,950,467 shares during the period. Capital World Investors owned 3.63% of Kanzhun worth $190,837,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

Kanzhun Stock Down 1.6 %

Shares of NASDAQ:BZ traded down $0.24 during midday trading on Friday, reaching $14.36. 2,244,052 shares of the company were exchanged, compared to its average volume of 4,692,815. The firm has a market cap of $5.59 billion, a PE ratio of 31.91 and a beta of 0.32. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The stock has a fifty day simple moving average of $16.81 and a two-hundred day simple moving average of $15.24.

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.