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

Charles Schwab Investment Management Inc. increased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,816 shares of the company’s stock after purchasing an additional 53,225 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.11% of Kanzhun worth $5,849,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BZ. China Universal Asset Management Co. Ltd. acquired a new position in shares of Kanzhun during the 4th quarter worth approximately $63,000. DRW Securities LLC bought a new stake in Kanzhun during the third quarter worth $203,000. Hancock Whitney Corp bought a new stake in Kanzhun during the third quarter worth $228,000. Wolverine Trading LLC acquired a new stake in Kanzhun in the third quarter valued at $263,000. Finally, Polymer Capital Management HK LTD bought a new position in shares of Kanzhun in the 3rd quarter valued at about $314,000. Institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BZ has been the subject of a number of recent analyst reports. Barclays raised their price objective on Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Citigroup reduced their price objective 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. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

Kanzhun Stock Up 0.2 %

BZ stock opened at $20.01 on Tuesday. The company’s 50-day moving average price is $16.30 and its two-hundred day moving average price is $15.02. The firm has a market cap of $7.62 billion, a P/E ratio of 44.47 and a beta of 0.46. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

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.