Kanzhun Limited (NASDAQ:BZ) Shares Bought by Pitcairn Co.

Pitcairn Co. grew its stake in Kanzhun Limited (NASDAQ:BZ) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,975 shares of the company’s stock after acquiring an additional 2,731 shares during the quarter. Pitcairn Co.’s holdings in Kanzhun were worth $621,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased 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 worth $41,000 after purchasing an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun during the 4th quarter valued at approximately $63,000. Virtu Financial LLC acquired a new position in Kanzhun in the fourth quarter valued at approximately $162,000. Premier Fund Managers Ltd grew its position in Kanzhun by 25.4% in the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock worth $180,000 after acquiring an additional 2,661 shares during the period. Finally, Wolverine Trading LLC acquired a new stake in Kanzhun during the third quarter worth $263,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Performance

Shares of BZ stock opened at $15.42 on Friday. The stock 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 fifty-two week low of $10.57 and a fifty-two week high of $22.74. The company has a 50 day moving average price of $17.12 and a 200 day moving average price of $15.40.

Wall Street Analyst Weigh In

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