Kanzhun Limited (NASDAQ:BZ) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 649,330 shares of the company's stock after purchasing an additional 20,100 shares during the quarter. Nuveen Asset Management LLC owned 0.17% of Kanzhun worth $8,961,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oasis Management Co Ltd. bought a new stake in shares of Kanzhun in the 4th quarter worth about $939,000. Millennium Management LLC grew its stake in Kanzhun by 124.9% in the fourth quarter. Millennium Management LLC now owns 508,330 shares of the company's stock worth $7,015,000 after purchasing an additional 282,286 shares in the last quarter. Lighthouse Investment Partners LLC bought a new stake in Kanzhun in the fourth quarter valued at about $166,000. Caption Management LLC bought a new stake in Kanzhun in the fourth quarter valued at about $207,000. Finally, Cederberg Capital Ltd raised its stake in Kanzhun by 11.2% during the fourth quarter. Cederberg Capital Ltd now owns 794,954 shares of the company's stock valued at $10,970,000 after buying an additional 79,954 shares in the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Trading Down 2.6%

BZ traded down $0.46 during trading on Friday, reaching $17.24. 10,177,732 shares of the company were exchanged, compared to its average volume of 4,523,388. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $21.99. The firm has a 50 day moving average of $16.39 and a 200 day moving average of $15.55. The stock has a market cap of $6.71 billion, a P/E ratio of 38.31 and a beta of 0.35.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lifted 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. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $18.50.

About Kanzhun

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.