Charles Schwab Investment Management Inc. Has $5.85 Million Holdings in Kanzhun Limited (NASDAQ:BZ)

Charles Schwab Investment Management Inc. lifted its position in shares of Kanzhun Limited (NASDAQ:BZ) by 14.4% during the 4th quarter, HoldingsChannel reports. The fund owned 423,816 shares of the company’s stock after purchasing an additional 53,225 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Kanzhun were worth $5,849,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE grew its holdings in Kanzhun by 6.0% during the 4th quarter. US Bancorp DE now owns 42,456 shares of the company’s stock worth $586,000 after acquiring an additional 2,406 shares during the last quarter. National Pension Service lifted its holdings in shares of Kanzhun by 10.3% during the fourth quarter. National Pension Service now owns 79,500 shares of the company’s stock worth $1,097,000 after purchasing an additional 7,400 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Kanzhun in the fourth quarter worth $629,000. Union Bancaire Privee UBP SA acquired a new stake in Kanzhun in the fourth quarter valued at $333,000. Finally, Nan Fung Trinity HK Ltd. acquired a new stake in Kanzhun in the fourth quarter valued at $24,521,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Price Performance

Shares of Kanzhun stock opened at $20.01 on Tuesday. The stock’s 50-day moving average is $16.30 and its 200 day moving average is $15.02. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 44.47 and a beta of 0.46.

Analyst Ratings Changes

BZ has been the topic of several recent research reports. 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. Barclays lifted their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Finally, Citigroup decreased their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Kanzhun 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.