Artisan Partners Limited Partnership reduced its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,484,485 shares of the company's stock after selling 524,725 shares during the period. Artisan Partners Limited Partnership owned 1.18% of Kanzhun worth $61,886,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in BZ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kanzhun by 812.5% during 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 buying an additional 6,339,911 shares during the period. National Bank of Canada FI acquired a new stake in shares of Kanzhun during the third quarter worth about $45,482,000. Nomura Asset Management Co. Ltd. raised its position in shares of Kanzhun by 7,012.9% during 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 period. Vanguard Group Inc. grew its position in shares of Kanzhun by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock valued at $198,687,000 after purchasing an additional 1,885,658 shares during the period. Finally, Nan Fung Trinity HK Ltd. bought a new stake in Kanzhun during the 4th quarter worth approximately $24,521,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on BZ shares. Barclays lifted their price target on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.71.
View Our Latest Report on Kanzhun
Kanzhun Price Performance
NASDAQ:BZ traded down $0.11 on Tuesday, hitting $19.06. 3,206,436 shares of the company's stock were exchanged, compared to its average volume of 4,552,052. The company has a market cap of $7.26 billion, a P/E ratio of 42.36 and a beta of 0.46. The firm has a 50-day moving average price of $16.93 and a 200-day moving average price of $15.33. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.
Kanzhun Company Profile
(
Free Report)
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.
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