Kanzhun Limited (NASDAQ:BZ) Shares Bought by Korea Investment CORP

Korea Investment CORP grew its stake in Kanzhun Limited (NASDAQ:BZ) by 118.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,590 shares of the company’s stock after purchasing an additional 96,900 shares during the quarter. Korea Investment CORP’s holdings in Kanzhun were worth $2,465,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in Kanzhun during the 3rd quarter worth $45,482,000. Nomura Asset Management Co. Ltd. boosted its position in Kanzhun by 7,012.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock worth $40,378,000 after acquiring an additional 2,293,229 shares during the last quarter. Vanguard Group Inc. grew its stake in Kanzhun by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock valued at $198,687,000 after acquiring an additional 1,885,658 shares in the last quarter. Nan Fung Trinity HK Ltd. acquired a new stake in Kanzhun in the 4th quarter valued at about $24,521,000. Finally, Jennison Associates LLC lifted its stake in Kanzhun by 79.7% in the 4th quarter. Jennison Associates LLC now owns 3,329,853 shares of the company’s stock worth $45,952,000 after purchasing an additional 1,476,693 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Down 0.6 %

Shares of BZ stock opened at $19.06 on Wednesday. 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 $16.93 and a two-hundred day moving average of $15.33. The stock has a market capitalization of $7.26 billion, a PE ratio of 42.36 and a beta of 0.46.

Analysts Set New Price Targets

BZ has been the subject of several recent research reports. Barclays increased their price target on Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Four 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 currently has a consensus rating of “Moderate Buy” and a consensus target price 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.