XTX Topco Ltd Buys New Stake in Kanzhun Limited (NASDAQ:BZ)

XTX Topco Ltd acquired a new stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 33,020 shares of the company's stock, valued at approximately $456,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BZ. Quadrant Capital Group LLC lifted its stake in shares of Kanzhun by 403.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after purchasing an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after buying an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Kanzhun during the fourth quarter worth $63,000. Townsquare Capital LLC purchased a new stake in shares of Kanzhun in the fourth quarter valued at $157,000. Finally, Virtu Financial LLC bought a new stake in shares of Kanzhun in the 4th quarter worth about $162,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BZ has been the topic of several recent analyst reports. Barclays increased their price target 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 restated a "market perform" rating and issued a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.71.

Kanzhun Price Performance

BZ traded down $0.24 on Friday, reaching $14.36. 2,244,052 shares of the company's stock were exchanged, compared to its average volume of 4,692,815. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock has a market cap of $5.59 billion, a PE ratio of 31.91 and a beta of 0.32. The stock's fifty day moving average price is $16.81 and its 200-day moving average price is $15.24.

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.