Myriad Asset Management US LP Takes $2.73 Million Position in Kanzhun Limited (NASDAQ:BZ)

Myriad Asset Management US LP bought a new position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 142,638 shares of the company's stock, valued at approximately $2,734,000. Kanzhun makes up 1.2% of Myriad Asset Management US LP's investment portfolio, making the stock its 12th biggest holding.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Kanzhun by 58.7% during the 3rd quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after purchasing an additional 166,683 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Kanzhun during the fourth quarter worth $63,000. Jennison Associates LLC increased its position in Kanzhun by 79.7% during 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. abrdn plc raised its holdings in shares of Kanzhun by 7.0% in the fourth quarter. abrdn plc now owns 204,520 shares of the company's stock worth $2,832,000 after acquiring an additional 13,452 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kanzhun by 112.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company's stock valued at $2,769,000 after acquiring an additional 106,226 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Kanzhun Stock Performance

Shares of NASDAQ:BZ traded down $0.19 during trading on Thursday, reaching $18.24. 3,362,560 shares of the stock were exchanged, compared to its average volume of 4,459,169. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $21.99. The firm's 50-day moving average price is $16.28 and its 200 day moving average price is $15.64. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 40.53 and a beta of 0.35.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BZ shares. Barclays upped their target price on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Daiwa America raised shares of Kanzhun from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Kanzhun presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

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.