Kanzhun Limited (NASDAQ:BZ) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in Kanzhun Limited (NASDAQ:BZ) by 9.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 149,540 shares of the company’s stock after acquiring an additional 12,812 shares during the period. Franklin Resources Inc.’s holdings in Kanzhun were worth $2,064,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BZ. California Public Employees Retirement System raised its position in Kanzhun by 4.6% during the fourth quarter. California Public Employees Retirement System now owns 493,356 shares of the company’s stock valued at $6,808,000 after acquiring an additional 21,527 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Kanzhun by 7.1% during the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock worth $204,774,000 after purchasing an additional 986,213 shares during the period. Premier Fund Managers Ltd grew its stake in shares of 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 purchasing an additional 2,661 shares during the period. Pictet Asset Management Holding SA increased its holdings in shares of Kanzhun by 7.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 444,752 shares of the company’s stock valued at $6,138,000 after purchasing an additional 30,568 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Kanzhun in the 4th quarter valued at $64,060,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Up 1.5 %

BZ stock opened at $14.53 on Monday. The stock has a market capitalization of $5.59 billion, a P/E ratio of 32.29 and a beta of 0.32. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a 50-day simple moving average of $17.09 and a 200-day simple moving average of $15.47.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays lifted their price target on Kanzhun from $16.00 to $22.00 and gave the company 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 given a buy rating to the stock. Based on data from MarketBeat.com, Kanzhun currently has an average rating of “Moderate Buy” and an average 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.