Renaissance Technologies LLC Increases Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Renaissance Technologies LLC lifted its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,178,300 shares of the company's stock after acquiring an additional 390,500 shares during the period. Renaissance Technologies LLC owned 0.83% of Kanzhun worth $43,861,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BZ. Quadrant Capital Group LLC boosted its holdings in Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after purchasing an additional 1,427 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after purchasing an additional 1,542 shares in the last quarter. Swiss National Bank boosted its holdings in Kanzhun by 0.3% during the fourth quarter. Swiss National Bank now owns 600,966 shares of the company's stock valued at $8,293,000 after acquiring an additional 1,900 shares during the period. Rhumbline Advisers raised its stake in shares of Kanzhun by 9.3% in the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock valued at $334,000 after buying an additional 2,066 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Kanzhun by 6.0% in the 4th quarter. US Bancorp DE now owns 42,456 shares of the company's stock worth $586,000 after acquiring an additional 2,406 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Kanzhun Trading Down 2.9 %

NASDAQ:BZ traded down $0.41 during trading hours on Wednesday, reaching $13.89. 1,467,553 shares of the company were exchanged, compared to its average volume of 4,666,697. The firm has a market cap of $5.36 billion, a PE ratio of 30.87 and a beta of 0.32. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock's 50-day moving average is $17.08 and its 200-day moving average is $15.45.

Kanzhun 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.