Tudor Investment Corp ET AL Acquires New Stake in Kanzhun Limited (NASDAQ:BZ)

Tudor Investment Corp ET AL bought a new position in Kanzhun Limited (NASDAQ:BZ) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,568 shares of the company’s stock, valued at approximately $160,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BZ. Barclays PLC raised its stake in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company’s stock worth $7,824,000 after purchasing an additional 166,683 shares during the last quarter. Tidal Investments LLC purchased a new position in Kanzhun in the 3rd quarter worth about $662,000. Franklin Resources Inc. raised its position in Kanzhun by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 136,728 shares of the company’s stock worth $2,201,000 after buying an additional 15,497 shares during the last quarter. Nordea Investment Management AB lifted its stake in Kanzhun by 13.8% during the 4th quarter. Nordea Investment Management AB now owns 282,510 shares of the company’s stock valued at $3,928,000 after acquiring an additional 34,284 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Kanzhun by 2.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company’s stock valued at $52,136,000 after acquiring an additional 78,697 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BZ has been the topic of a number of research analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays lifted their price objective on 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 issued a buy rating to the company. Based on data from MarketBeat, Kanzhun presently has an average rating of “Moderate Buy” and an average price target of $21.71.

Kanzhun Stock Up 0.4 %

Shares of BZ opened at $15.91 on Friday. The business has a 50-day simple moving average of $16.80 and a two-hundred day simple moving average of $15.24. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 35.36 and a beta of 0.35.

Kanzhun Company 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.