Kanzhun Limited (NASDAQ:BZ) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 812.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,120,232 shares of the company’s stock after purchasing an additional 6,339,911 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Kanzhun were worth $123,607,000 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 the stock. Atlas Capital Advisors LLC acquired a new position in shares of Kanzhun during the second quarter valued at $25,000. UMB Bank n.a. acquired a new position in Kanzhun during the 3rd quarter valued at about $42,000. Summit Securities Group LLC bought a new position in Kanzhun in the 2nd quarter worth about $44,000. Van ECK Associates Corp acquired a new stake in shares of Kanzhun in the third quarter valued at approximately $61,000. Finally, Blue Trust Inc. raised its holdings in shares of Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after buying an additional 1,347 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Trading Up 7.3 %

Shares of Kanzhun stock opened at $13.50 on Monday. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The stock has a market cap of $5.12 billion, a PE ratio of 31.40 and a beta of 0.55. The company’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $16.13.

Analyst Upgrades and Downgrades

BZ has been the topic of several analyst reports. Barclays lowered their target price on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. CLSA began coverage on shares of Kanzhun in a research note on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective on the stock. 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.57.

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.