Headlands Technologies LLC Purchases Shares of 99,009 Kanzhun Limited (NASDAQ:BZ)

Headlands Technologies LLC acquired a new position in Kanzhun Limited (NASDAQ:BZ) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 99,009 shares of the company’s stock, valued at approximately $1,366,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in 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 purchasing an additional 1,542 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Kanzhun by 0.3% in the fourth quarter. Swiss National Bank now owns 600,966 shares of the company’s stock worth $8,293,000 after buying an additional 1,900 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Kanzhun by 9.3% during the fourth 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 last quarter. US Bancorp DE grew its stake 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 acquiring an additional 2,406 shares in the last quarter. Finally, Premier Fund Managers Ltd increased its holdings in Kanzhun by 25.4% in 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 during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on BZ shares. Barclays increased their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.71.

Kanzhun Price Performance

Shares of BZ stock opened at $19.06 on Wednesday. The company has a market cap of $7.26 billion, a PE ratio of 42.36 and a beta of 0.46. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The stock’s 50 day simple moving average is $16.93 and its two-hundred day simple moving average is $15.33.

Kanzhun 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.