Kanzhun Limited (NASDAQ:BZ) Shares Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC raised its holdings in Kanzhun Limited (NASDAQ:BZ) by 49.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,376,890 shares of the company’s stock after purchasing an additional 5,432,730 shares during the quarter. Kanzhun makes up about 9.2% of Krane Funds Advisors LLC’s investment portfolio, making the stock its 4th largest position. Krane Funds Advisors LLC owned approximately 4.30% of Kanzhun worth $226,001,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. 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 valued at $25,000 after acquiring an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kanzhun by 107.5% in 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 during the last quarter. Swiss National Bank boosted its stake in shares of Kanzhun by 0.3% in the 4th quarter. Swiss National Bank now owns 600,966 shares of the company’s stock valued at $8,293,000 after purchasing an additional 1,900 shares during the last quarter. Rhumbline Advisers grew its position in shares of Kanzhun by 9.3% during the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company’s stock worth $334,000 after buying an additional 2,066 shares during the period. Finally, US Bancorp DE lifted its holdings in Kanzhun by 6.0% in the fourth quarter. US Bancorp DE now owns 42,456 shares of the company’s stock valued at $586,000 after buying an additional 2,406 shares during the period. Institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 18.3 %

BZ opened at $15.42 on Monday. The stock has a market capitalization of $5.92 billion, a P/E ratio of 34.27 and a beta of 0.32. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The firm’s fifty day simple moving average is $17.12 and its 200 day simple moving average is $15.45.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BZ. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Barclays lifted their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.