IvyRock Asset Management HK Ltd Has $8.03 Million Holdings in Kanzhun Limited (NASDAQ:BZ)

IvyRock Asset Management HK Ltd lessened its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 582,012 shares of the company’s stock after selling 5,400 shares during the period. Kanzhun comprises approximately 3.5% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 8th largest holding. IvyRock Asset Management HK Ltd owned 0.15% of Kanzhun worth $8,032,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Swiss National Bank lifted its stake in Kanzhun by 4.9% in the third quarter. Swiss National Bank now owns 599,066 shares of the company’s stock valued at $10,400,000 after acquiring an additional 28,239 shares during the last quarter. Citigroup Inc. raised its stake in Kanzhun by 149.2% in the third quarter. Citigroup Inc. now owns 2,343,278 shares of the company’s stock valued at $40,679,000 after buying an additional 1,402,885 shares during the period. Pitcairn Co. acquired a new stake in shares of Kanzhun in the third quarter valued at approximately $733,000. Monolith Management Ltd bought a new position in shares of Kanzhun during the 3rd quarter worth approximately $4,340,000. Finally, DRW Securities LLC bought a new stake in Kanzhun in the 3rd quarter valued at $203,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Performance

BZ opened at $20.01 on Tuesday. 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 52-week low of $10.57 and a 52-week high of $22.74. The business’s fifty day moving average is $16.30 and its 200-day moving average is $15.02.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BZ. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays upped their price objective on Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Finally, Citigroup dropped their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.71.

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.