18,556 Shares in Kanzhun Limited (NASDAQ:BZ) Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,556 shares of the company's stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. CoreView Capital Management Ltd increased its holdings in Kanzhun by 23.5% in the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock valued at $42,168,000 after buying an additional 580,583 shares during the last quarter. Woodline Partners LP acquired a new position in Kanzhun in the fourth quarter valued at approximately $9,098,000. Vident Advisory LLC increased its stake in Kanzhun by 59.6% in the fourth quarter. Vident Advisory LLC now owns 16,107 shares of the company's stock valued at $222,000 after purchasing an additional 6,016 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in Kanzhun during the fourth quarter worth approximately $10,647,000. Finally, Thornburg Investment Management Inc. lifted its position in shares of Kanzhun by 37.8% during the 4th quarter. Thornburg Investment Management Inc. now owns 3,648,622 shares of the company's stock worth $50,351,000 after buying an additional 1,000,548 shares during the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Performance

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. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $21.99. The business has a 50 day simple moving average of $16.39 and a 200 day simple moving average of $15.56. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 38.31 and a beta of 0.35.

Analysts Set New Price Targets

BZ has been the topic of several research analyst reports. Barclays lifted their price target on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 target price 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.