659,251 Shares in Kanzhun Limited (NASDAQ:BZ) Purchased by Woodline Partners LP

Woodline Partners LP bought a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 659,251 shares of the company's stock, valued at approximately $9,098,000. Woodline Partners LP owned approximately 0.17% of Kanzhun as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BZ. Capital World Investors raised its position in shares of Kanzhun by 636.3% in the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company's stock valued at $190,837,000 after purchasing an additional 11,950,467 shares during the last quarter. Krane Funds Advisors LLC raised its holdings in shares of Kanzhun by 49.6% during the 4th quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock worth $226,001,000 after acquiring an additional 5,432,730 shares during the period. Norges Bank purchased a new position in shares of Kanzhun during the 4th quarter worth $64,060,000. HCEP Management Ltd raised its holdings in shares of Kanzhun by 200.0% during the 4th quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock worth $41,400,000 after acquiring an additional 2,000,000 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Kanzhun by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock valued at $198,687,000 after buying an additional 1,885,658 shares during the period. Hedge funds and other institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

BZ has been the subject of a number of analyst reports. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays increased their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

Kanzhun Price Performance

Shares of BZ stock traded up $0.08 during trading on Wednesday, reaching $17.66. The company had a trading volume of 630,353 shares, compared to its average volume of 4,496,638. The company has a market capitalization of $6.87 billion, a PE ratio of 39.25 and a beta of 0.35. The firm's 50 day simple moving average is $16.54 and its two-hundred day simple moving average is $15.49. Kanzhun Limited has a one year low of $10.57 and a one year high of $21.99.

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.