Polymer Capital Management HK LTD Acquires 229,392 Shares of Kanzhun Limited (NASDAQ:BZ)

Polymer Capital Management HK LTD boosted its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 1,267.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,492 shares of the company’s stock after buying an additional 229,392 shares during the period. Polymer Capital Management HK LTD’s holdings in Kanzhun were worth $3,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quadrant Capital Group LLC raised its position in shares of Kanzhun by 403.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock worth $25,000 after acquiring an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. grew its stake 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 during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Kanzhun in the fourth quarter worth about $63,000. Virtu Financial LLC bought a new position in Kanzhun in the fourth quarter worth about $162,000. Finally, Premier Fund Managers Ltd lifted its position in shares of Kanzhun by 25.4% during the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock valued at $180,000 after buying an additional 2,661 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 18.3 %

NASDAQ:BZ opened at $15.42 on Friday. The company 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 has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $15.43.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BZ. Sanford C. Bernstein reiterated a “market perform” rating and set a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays lifted their price target on shares of 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.