Kanzhun Limited (NASDAQ:BZ) Shares Purchased by SIH Partners LLLP

SIH Partners LLLP increased its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 46.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 174,800 shares of the company's stock after acquiring an additional 55,400 shares during the period. SIH Partners LLLP's holdings in Kanzhun were worth $2,412,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Krane Funds Advisors LLC lifted its stake in Kanzhun by 49.6% during the 4th quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock valued at $226,001,000 after acquiring an additional 5,432,730 shares in the last quarter. Schroder Investment Management Group lifted its stake in Kanzhun by 7.1% in the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock worth $204,774,000 after purchasing an additional 986,213 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kanzhun by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after purchasing an additional 1,885,658 shares in the last quarter. Capital World Investors lifted its stake in 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 raised its position in shares of Kanzhun by 30.7% during the 4th quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock valued at $109,121,000 after buying an additional 1,855,500 shares in the last quarter. Institutional investors own 60.67% of the company's stock.

Kanzhun Price Performance

Shares of NASDAQ:BZ traded down $0.24 on Friday, hitting $14.36. 2,244,052 shares of the company's stock were exchanged, compared to its average volume of 4,692,019. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 31.91 and a beta of 0.32. The business's 50 day simple moving average is $16.81 and its two-hundred day simple moving average is $15.21.

Analysts Set New Price Targets

A number of brokerages recently commented on BZ. Barclays lifted their target price on shares of 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 note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.