Centiva Capital LP Buys 86,120 Shares of Kanzhun Limited (NASDAQ:BZ)

Centiva Capital LP boosted its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 334.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,876 shares of the company's stock after buying an additional 86,120 shares during the period. Centiva Capital LP's holdings in Kanzhun were worth $1,544,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

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

Kanzhun Stock Up 0.6%

NASDAQ BZ traded up $0.10 during trading on Tuesday, reaching $17.91. 1,345,651 shares of the stock traded hands, compared to its average volume of 4,592,049. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 39.80 and a beta of 0.35. The stock's 50-day moving average price is $16.81 and its 200 day moving average price is $15.27.

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.