GAM Holding AG Purchases Shares of 140,013 Kanzhun Limited (NASDAQ:BZ)

GAM Holding AG acquired a new stake in Kanzhun Limited (NASDAQ:BZ - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 140,013 shares of the company's stock, valued at approximately $2,326,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PNC Financial Services Group Inc. lifted its position in shares of Kanzhun by 67.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,922 shares of the company's stock worth $39,000 after buying an additional 772 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Kanzhun during the 4th quarter worth $49,000. National Pension Service grew its stake in shares of Kanzhun by 423.1% during the 2nd quarter. National Pension Service now owns 6,800 shares of the company's stock worth $179,000 after purchasing an additional 5,500 shares during the period. Macquarie Group Ltd. boosted its position in shares of Kanzhun by 132.6% in the 3rd quarter. Macquarie Group Ltd. now owns 9,776 shares of the company's stock worth $165,000 after buying an additional 5,573 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in shares of Kanzhun in the 2nd quarter worth about $157,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

Kanzhun Price Performance

Shares of BZ stock traded up $0.46 during trading on Wednesday, reaching $19.01. The company had a trading volume of 4,031,067 shares, compared to its average volume of 3,243,781. The firm's 50 day simple moving average is $16.25 and its two-hundred day simple moving average is $15.74. Kanzhun Limited has a one year low of $12.57 and a one year high of $21.32. The company has a market capitalization of $7.13 billion, a PE ratio of 56.21 and a beta of 0.59.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BZ shares. New Street Research raised shares of Kanzhun from a "neutral" rating to a "buy" rating and upped their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. initiated coverage on Kanzhun in a research note on Wednesday, December 13th. They set an "overweight" rating and a $20.00 price objective on the stock. Macquarie upgraded Kanzhun from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 12th. Barclays raised their target price on Kanzhun from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 13th. Finally, TheStreet raised Kanzhun from a "d+" rating to a "c-" rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $20.38.

Kanzhun Company Profile

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.

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