Polymer Capital Management HK LTD Purchases 229,392 Shares of Kanzhun Limited (NASDAQ:BZ)

Polymer Capital Management HK LTD raised its position in shares of Kanzhun Limited (NASDAQ:BZ) by 1,267.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,492 shares of the company’s stock after acquiring an additional 229,392 shares during the period. Polymer Capital Management HK LTD owned approximately 0.06% of Kanzhun worth $3,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after purchasing an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after buying an additional 1,542 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Kanzhun in the 4th quarter valued at about $63,000. Virtu Financial LLC purchased a new position in Kanzhun in the fourth quarter worth about $162,000. Finally, Premier Fund Managers Ltd increased its stake 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 acquiring an additional 2,661 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Stock Down 18.3 %

BZ stock opened at $15.42 on Friday. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 34.27 and a beta of 0.32. The business’s fifty day simple moving average is $17.12 and its two-hundred day simple moving average is $15.43.

Analyst Ratings Changes

A number of brokerages have recently commented on BZ. Barclays lifted their target price 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 objective on shares of Kanzhun in a research report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.