Premier Fund Managers Ltd Increases Position in Kanzhun Limited (NASDAQ:BZ)

Premier Fund Managers Ltd grew its holdings in Kanzhun Limited (NASDAQ:BZ) by 25.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,131 shares of the company’s stock after purchasing an additional 2,661 shares during the quarter. Premier Fund Managers Ltd’s holdings in Kanzhun were worth $180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after purchasing an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in Kanzhun in the fourth quarter valued at approximately $63,000. Virtu Financial LLC purchased a new position in Kanzhun in the fourth quarter worth approximately $162,000. Wolverine Trading LLC purchased a new position in Kanzhun in the third quarter worth approximately $263,000. Finally, Polymer Capital Management HK LTD purchased a new stake in Kanzhun in the third quarter valued at $314,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BZ. 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 reissued a “market perform” rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Finally, Citigroup decreased their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.71.

Kanzhun Stock Down 3.0 %

Shares of BZ stock opened at $19.46 on Friday. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a 50 day moving average of $16.75 and a two-hundred day moving average of $15.19. The stock has a market capitalization of $7.41 billion, a PE ratio of 43.25 and a beta of 0.46.

Kanzhun Company 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.