Millennium Management LLC Raises Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Millennium Management LLC raised its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 124.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 508,330 shares of the company's stock after purchasing an additional 282,286 shares during the period. Millennium Management LLC owned 0.13% of Kanzhun worth $7,015,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of 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 bought a new position in shares of Kanzhun in the fourth quarter worth about $333,000. Matthews International Capital Management LLC boosted its stake in shares of Kanzhun by 84.3% in the fourth quarter. Matthews International Capital Management LLC now owns 848,290 shares of the company's stock worth $11,706,000 after acquiring an additional 388,080 shares during the period. China Universal Asset Management Co. Ltd. bought a new position in shares of Kanzhun in the fourth quarter worth about $63,000. Finally, Jennison Associates LLC boosted its stake 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 acquiring an additional 1,476,693 shares during the period. Institutional investors own 60.67% of the company's stock.

Kanzhun Trading Down 2.6%

Shares of NASDAQ:BZ traded down $0.46 during mid-day trading on Friday, reaching $17.24. The stock had a trading volume of 10,177,732 shares, compared to its average volume of 4,479,053. The company has a market cap of $6.71 billion, a P/E ratio of 38.31 and a beta of 0.35. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $21.99. The business's 50 day moving average price is $16.39 and its 200 day moving average price is $15.56.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BZ shares. 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. Barclays boosted their target price on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, 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.