Kanzhun Limited (NASDAQ:BZ) Shares Acquired by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. raised its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,648,622 shares of the company's stock after buying an additional 1,000,548 shares during the period. Thornburg Investment Management Inc. owned about 0.96% of Kanzhun worth $50,351,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BZ. First Trust Advisors LP grew its position in shares of Kanzhun by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after buying an additional 999 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after purchasing an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after acquiring an additional 1,542 shares during the last quarter. Swiss National Bank increased its holdings in Kanzhun by 0.3% in the 4th quarter. Swiss National Bank now owns 600,966 shares of the company's stock worth $8,293,000 after buying an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Kanzhun by 9.3% in the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock worth $334,000 after purchasing an additional 2,066 shares during the period. Hedge funds and other institutional investors own 60.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BZ. 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. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.80.

Kanzhun Stock Performance

NASDAQ BZ traded up $0.24 on Friday, reaching $17.49. 548,228 shares of the company's stock traded hands, compared to its average volume of 4,507,099. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 38.87 and a beta of 0.35. The stock has a 50 day moving average price of $16.72 and a 200-day moving average price of $15.43. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.25.

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.