APG Asset Management N.V. Has $573,000 Stake in Kanzhun Limited (NASDAQ:BZ)

APG Asset Management N.V. boosted its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,000 shares of the company’s stock after acquiring an additional 9,500 shares during the quarter. APG Asset Management N.V.’s holdings in Kanzhun were worth $573,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BZ. State Street Corp lifted its position in shares of Kanzhun by 2.8% in the third quarter. State Street Corp now owns 5,084,631 shares of the company’s stock worth $88,269,000 after buying an additional 138,804 shares during the last quarter. Wolverine Trading LLC bought a new stake in Kanzhun during the third quarter worth approximately $263,000. Public Employees Retirement System of Ohio acquired a new position in Kanzhun during the third quarter valued at approximately $1,430,000. Barclays PLC raised its position in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company’s stock valued at $7,824,000 after purchasing an additional 166,683 shares during the period. Finally, M&T Bank Corp raised its position in shares of Kanzhun by 25.8% in the third quarter. M&T Bank Corp now owns 110,783 shares of the company’s stock valued at $1,923,000 after purchasing an additional 22,706 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BZ. Sanford C. Bernstein reiterated a “market perform” rating and issued a $18.00 target price on shares of Kanzhun in a research note 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

Kanzhun Stock Performance

NASDAQ:BZ opened at $14.53 on Friday. The firm’s 50-day moving average is $17.09 and its 200-day moving average is $15.48. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 32.29 and a beta of 0.32. Kanzhun Limited has a 52-week low of $10.57 and a 52-week 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.