WFM ASIA BVI Ltd Purchases 1,855,500 Shares of Kanzhun Limited (NASDAQ:BZ)

WFM ASIA BVI Ltd raised its position in shares of Kanzhun Limited (NASDAQ:BZ) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,907,300 shares of the company’s stock after purchasing an additional 1,855,500 shares during the period. Kanzhun makes up approximately 11.8% of WFM ASIA BVI Ltd’s investment portfolio, making the stock its 6th biggest position. WFM ASIA BVI Ltd owned 2.08% of Kanzhun worth $109,121,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BZ. PNC Financial Services Group Inc. grew its holdings in shares of Kanzhun by 107.5% during the 4th 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. acquired a new position in shares of Kanzhun during the fourth quarter worth $63,000. Virtu Financial LLC bought a new position in shares of Kanzhun in the 4th quarter valued at $162,000. Premier Fund Managers Ltd boosted its holdings 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 valued at $180,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Wolverine Trading LLC bought a new stake in Kanzhun during the 3rd quarter worth $263,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Performance

Kanzhun stock opened at $15.42 on Friday. The firm has a 50 day moving average price of $17.12 and a two-hundred day moving average price of $15.40. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 34.27 and a beta of 0.46.

Analyst Upgrades and Downgrades

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