CoreView Capital Management Ltd Purchases 580,583 Shares of Kanzhun Limited (NASDAQ:BZ)

CoreView Capital Management Ltd raised its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 23.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,055,650 shares of the company's stock after purchasing an additional 580,583 shares during the period. Kanzhun makes up approximately 4.4% of CoreView Capital Management Ltd's portfolio, making the stock its 6th biggest holding. CoreView Capital Management Ltd owned about 0.80% of Kanzhun worth $42,168,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BZ. Barclays PLC raised its position in Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after acquiring an additional 166,683 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Kanzhun in the fourth quarter valued at $333,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kanzhun by 112.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock valued at $2,769,000 after buying an additional 106,226 shares in the last quarter. Nan Fung Trinity HK Ltd. bought a new stake in Kanzhun during the 4th quarter worth approximately $24,521,000. Finally, Jennison Associates LLC raised its position in shares of Kanzhun by 79.7% in the fourth quarter. Jennison Associates LLC now owns 3,329,853 shares of the company's stock worth $45,952,000 after buying an additional 1,476,693 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BZ has been the topic of a number of recent analyst reports. 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 restated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.71.

Kanzhun Stock Performance

Kanzhun stock opened at $18.24 on Tuesday. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 40.53 and a beta of 0.35. The stock's 50 day simple moving average is $16.84 and its two-hundred day simple moving average is $15.38. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74.

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.

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