Hsbc Holdings PLC grew its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,531,958 shares of the company's stock after acquiring an additional 80,423 shares during the period. Hsbc Holdings PLC owned 0.40% of Kanzhun worth $21,185,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of BZ. Barclays PLC raised its holdings in 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 during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Kanzhun during the fourth quarter worth approximately $333,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 buying an additional 106,226 shares during the period. Nan Fung Trinity HK Ltd. bought a new position in Kanzhun in the fourth quarter valued at approximately $24,521,000. Finally, Jennison Associates LLC boosted its stake in Kanzhun by 79.7% in the fourth quarter. Jennison Associates LLC now owns 3,329,853 shares of the company's stock valued at $45,952,000 after acquiring an additional 1,476,693 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BZ. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays increased their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $21.71.
View Our Latest Stock Analysis on BZ
Kanzhun Trading Up 6.5 %
Shares of NASDAQ BZ traded up $1.00 during mid-day trading on Friday, reaching $16.50. 1,620,320 shares of the company's stock were exchanged, compared to its average volume of 4,641,427. The business has a fifty day simple moving average of $16.76 and a 200 day simple moving average of $15.19. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 36.67 and a beta of 0.32.
About Kanzhun
(
Free Report)
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.
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