Lansforsakringar Fondforvaltning AB publ Acquires Shares of 143,412 Kanzhun Limited (NASDAQ:BZ)

Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 143,412 shares of the company's stock, valued at approximately $1,979,000.

Several other institutional investors have also recently modified their holdings of BZ. Barclays PLC boosted its holdings in shares of Kanzhun by 58.7% during the third quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after purchasing an additional 166,683 shares during the last quarter. CoreView Capital Management Ltd boosted its holdings in shares of Kanzhun by 23.5% during the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock worth $42,168,000 after purchasing an additional 580,583 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Kanzhun by 112.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock worth $2,769,000 after purchasing an additional 106,226 shares during the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in shares of Kanzhun during the fourth quarter worth $24,521,000. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Kanzhun by 3.2% during the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock worth $8,961,000 after purchasing an additional 20,100 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BZ shares. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Barclays raised their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

Kanzhun Stock Performance

Kanzhun stock traded up $0.11 during midday trading on Tuesday, reaching $17.76. The stock had a trading volume of 3,880,025 shares, compared to its average volume of 4,464,685. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $21.99. The stock has a market capitalization of $6.91 billion, a PE ratio of 39.47 and a beta of 0.35. The stock's 50-day simple moving average is $16.30 and its 200 day simple moving average is $15.62.

Kanzhun Company 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.