National Bank of Canada FI Decreases Stake in Kanzhun Limited (NASDAQ:BZ)

National Bank of Canada FI trimmed its position in shares of Kanzhun Limited (NASDAQ:BZ) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,610,600 shares of the company’s stock after selling 9,312 shares during the period. National Bank of Canada FI owned about 0.69% of Kanzhun worth $36,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BZ. Centiva Capital LP raised its stake in Kanzhun by 23.5% in the third quarter. Centiva Capital LP now owns 25,756 shares of the company’s stock valued at $447,000 after buying an additional 4,895 shares in the last quarter. Polymer Capital Management HK LTD acquired a new stake in shares of Kanzhun during the 3rd quarter worth about $314,000. State Street Corp lifted its stake in Kanzhun by 2.8% during the third quarter. State Street Corp now owns 5,084,631 shares of the company’s stock worth $88,269,000 after purchasing an additional 138,804 shares during the last quarter. Wolverine Trading LLC acquired a new position in Kanzhun in the third quarter valued at approximately $263,000. Finally, CoreView Capital Management Ltd increased its stake in Kanzhun by 146.4% in the third quarter. CoreView Capital Management Ltd now owns 2,475,067 shares of the company’s stock valued at $42,967,000 after purchasing an additional 1,470,744 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BZ shares. Sanford C. Bernstein restated a “market perform” rating and issued a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Barclays raised 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kanzhun currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Kanzhun Stock Performance

Shares of BZ opened at $19.00 on Thursday. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a 50-day simple moving average of $17.02 and a 200-day simple moving average of $15.36. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 42.22 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.