Mitsubishi UFJ Trust & Banking Corp Buys 40,667 Shares of Kanzhun Limited (NASDAQ:BZ)

Mitsubishi UFJ Trust & Banking Corp boosted its position in Kanzhun Limited (NASDAQ:BZ) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 521,349 shares of the company’s stock after acquiring an additional 40,667 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Kanzhun were worth $7,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kanzhun by 812.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock worth $123,607,000 after acquiring an additional 6,339,911 shares during the last quarter. National Bank of Canada FI bought a new stake in Kanzhun in the third quarter worth $45,482,000. Nomura Asset Management Co. Ltd. lifted its stake in Kanzhun by 7,012.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock worth $40,378,000 after purchasing an additional 2,293,229 shares during the last quarter. Vanguard Group Inc. boosted its position in Kanzhun by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock valued at $198,687,000 after buying an additional 1,885,658 shares during the period. Finally, Nan Fung Trinity HK Ltd. bought a new position in shares of Kanzhun during the fourth quarter valued at about $24,521,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Performance

Kanzhun stock opened at $19.46 on Monday. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The stock’s 50 day simple moving average is $16.75 and its two-hundred day simple moving average is $15.23. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 43.25 and a beta of 0.46.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BZ shares. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Barclays increased their price objective on Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.