Public Employees Retirement System of Ohio Has $1.57 Million Stock Position in Kanzhun Limited (NASDAQ:BZ)

Public Employees Retirement System of Ohio grew its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 38.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 114,088 shares of the company's stock after buying an additional 31,739 shares during the period. Public Employees Retirement System of Ohio's holdings in Kanzhun were worth $1,574,000 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. Krane Funds Advisors LLC boosted its holdings in Kanzhun by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock worth $226,001,000 after buying an additional 5,432,730 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Kanzhun by 7.1% in the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock valued at $204,774,000 after acquiring an additional 986,213 shares during the period. Vanguard Group Inc. boosted its stake in Kanzhun by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after acquiring an additional 1,885,658 shares during the last quarter. Capital World Investors grew its holdings in Kanzhun by 636.3% during the fourth quarter. Capital World Investors now owns 13,828,732 shares of the company's stock valued at $190,837,000 after purchasing an additional 11,950,467 shares during the period. Finally, WFM ASIA BVI Ltd increased its position in shares of Kanzhun by 30.7% in the 4th quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock valued at $109,121,000 after buying an additional 1,855,500 shares in the last quarter. Institutional investors own 60.67% of the company's stock.

Kanzhun Trading Up 3.8%

Shares of BZ stock traded up $0.67 on Wednesday, hitting $18.43. 3,577,167 shares of the stock were exchanged, compared to its average volume of 4,461,149. The business has a 50-day moving average of $16.30 and a 200 day moving average of $15.62. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $21.99. The firm has a market capitalization of $7.17 billion, a P/E ratio of 40.96 and a beta of 0.35.

Analyst Upgrades and Downgrades

BZ has been the subject of a number of research analyst reports. Daiwa America raised Kanzhun from a "hold" rating to a "strong-buy" rating in a research note on Monday. Sanford C. Bernstein reiterated a "market perform" rating and issued a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Finally, Barclays lifted their price target 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. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.50.

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.