Northern Trust Corp Grows Stake in Kanzhun Limited (NASDAQ:BZ)

Northern Trust Corp raised its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 197.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,242,384 shares of the company's stock after buying an additional 824,853 shares during the quarter. Northern Trust Corp owned about 0.33% of Kanzhun worth $17,145,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BZ. Krane Funds Advisors LLC grew its position in Kanzhun by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock worth $226,001,000 after buying an additional 5,432,730 shares in the last quarter. Schroder Investment Management Group grew its position in Kanzhun by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock worth $204,774,000 after buying an additional 986,213 shares in the last quarter. Vanguard Group Inc. grew its position in Kanzhun by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after buying an additional 1,885,658 shares in the last quarter. Capital World Investors boosted its holdings 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 worth $190,837,000 after purchasing an additional 11,950,467 shares in the last quarter. Finally, WFM ASIA BVI Ltd boosted its holdings in shares of Kanzhun by 30.7% in the 4th quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock worth $109,121,000 after purchasing an additional 1,855,500 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Stock Performance

Shares of Kanzhun stock traded up $0.15 during midday trading on Friday, hitting $18.25. The company had a trading volume of 1,609,246 shares, compared to its average volume of 4,561,449. The stock has a market capitalization of $7.10 billion, a P/E ratio of 40.56 and a beta of 0.35. The company has a 50 day moving average of $16.84 and a 200 day moving average of $15.35. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays upped their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kanzhun has an average rating of "Moderate Buy" and an average price target of $21.71.

About Kanzhun

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.