Kanzhun Limited (NASDAQ:BZ) Shares Bought by Pitcairn Co.

Pitcairn Co. grew its position in Kanzhun Limited (NASDAQ:BZ) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,975 shares of the company’s stock after purchasing an additional 2,731 shares during the quarter. Pitcairn Co.’s holdings in Kanzhun were worth $621,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in Kanzhun by 107.5% in the fourth 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 in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of Kanzhun in the 4th quarter valued at $63,000. Virtu Financial LLC purchased a new position in shares of Kanzhun in the 4th quarter valued at $162,000. Premier Fund Managers Ltd raised its stake in Kanzhun by 25.4% during the 4th quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock worth $180,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new stake in Kanzhun in the third quarter valued at $263,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BZ shares. Barclays lifted their price target on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Kanzhun presently has a consensus rating of “Moderate Buy” and an average target price of $21.71.

Kanzhun Price Performance

BZ opened at $15.42 on Friday. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The business has a 50-day moving average of $17.12 and a two-hundred day moving average of $15.40. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 34.27 and a beta of 0.46.

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.