WFM ASIA BVI Ltd Grows Stake in Kanzhun Limited (NASDAQ:BZ)

WFM ASIA BVI Ltd boosted its position in Kanzhun Limited (NASDAQ:BZ) by 30.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,907,300 shares of the company’s stock after buying an additional 1,855,500 shares during the period. Kanzhun makes up approximately 11.8% of WFM ASIA BVI Ltd’s portfolio, making the stock its 6th biggest position. WFM ASIA BVI Ltd’s holdings in Kanzhun were worth $109,121,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BZ. PNC Financial Services Group Inc. grew its holdings in shares of Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after buying an additional 1,542 shares during the last quarter. Swiss National Bank boosted its stake in Kanzhun by 0.3% during 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 increased its holdings in Kanzhun by 9.3% during the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company’s stock worth $334,000 after purchasing an additional 2,066 shares in the last quarter. US Bancorp DE raised its stake in shares of Kanzhun by 6.0% in the fourth quarter. US Bancorp DE now owns 42,456 shares of the company’s stock worth $586,000 after purchasing an additional 2,406 shares during the last quarter. Finally, Premier Fund Managers Ltd lifted its holdings in shares of Kanzhun by 25.4% in the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock valued at $180,000 after purchasing an additional 2,661 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Price Performance

NASDAQ:BZ opened at $15.42 on Friday. The company has a market capitalization of $5.87 billion, a P/E ratio of 34.27 and a beta of 0.46. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The business has a fifty day simple moving average of $17.12 and a two-hundred day simple moving average of $15.40.

Wall Street Analyst Weigh In

A number of research firms recently commented on BZ. Sanford C. Bernstein reissued a “market perform” rating and issued a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays raised their price target on shares of Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Four research 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, Kanzhun currently has a consensus rating of “Moderate Buy” and an average target price of $21.71.

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.