HCEP Management Ltd Has $41.40 Million Stock Position in Kanzhun Limited (NASDAQ:BZ)

HCEP Management Ltd increased its holdings in Kanzhun Limited (NASDAQ:BZ) by 200.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000,000 shares of the company’s stock after acquiring an additional 2,000,000 shares during the period. Kanzhun comprises 33.1% of HCEP Management Ltd’s investment portfolio, making the stock its biggest holding. HCEP Management Ltd owned 0.79% of Kanzhun worth $41,400,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BZ. PNC Financial Services Group Inc. grew its position in 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 period. Swiss National Bank grew its stake in shares of Kanzhun by 0.3% during the 4th quarter. Swiss National Bank now owns 600,966 shares of the company’s stock worth $8,293,000 after acquiring an additional 1,900 shares during the period. Rhumbline Advisers grew its stake in shares of Kanzhun by 9.3% during the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company’s stock worth $334,000 after acquiring an additional 2,066 shares during the period. US Bancorp DE lifted its holdings in Kanzhun by 6.0% during the fourth quarter. US Bancorp DE now owns 42,456 shares of the company’s stock valued at $586,000 after purchasing an additional 2,406 shares during the last quarter. Finally, Premier Fund Managers Ltd boosted its position in Kanzhun by 25.4% during the fourth 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. Institutional investors own 60.67% of the company’s stock.

Kanzhun Price Performance

NASDAQ:BZ opened at $15.42 on Friday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 34.27 and a beta of 0.46. The business has a 50 day moving average of $17.12 and a 200 day moving average of $15.40. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Barclays upped their price target on shares of Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

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.