Invesco Ltd. Sells 207,999 Shares of Kanzhun Limited (NASDAQ:BZ)

Invesco Ltd. lowered its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 718,568 shares of the company's stock after selling 207,999 shares during the quarter. Invesco Ltd. owned approximately 0.19% of Kanzhun worth $9,916,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group lifted its stake in Kanzhun by 7.1% in the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock valued at $204,774,000 after purchasing an additional 986,213 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 acquiring an additional 1,885,658 shares during the last quarter. WFM ASIA BVI Ltd boosted its holdings in shares of Kanzhun by 30.7% during the 4th quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock valued at $109,121,000 after acquiring an additional 1,855,500 shares in the last quarter. Brilliance Asset Management Ltd. grew its position in Kanzhun by 7.5% during the 4th quarter. Brilliance Asset Management Ltd. now owns 7,300,256 shares of the company's stock worth $100,744,000 after acquiring an additional 510,745 shares during the last quarter. Finally, Norges Bank acquired a new position in Kanzhun in the 4th quarter worth about $64,060,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BZ has been the topic of a number of recent research reports. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays boosted their target price on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $21.71.

Kanzhun Stock Performance

Shares of NASDAQ BZ opened at $13.88 on Wednesday. The company's 50 day moving average price is $16.91 and its 200-day moving average price is $15.29. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The company has a market capitalization of $5.35 billion, a P/E ratio of 30.85 and a beta of 0.32.

About Kanzhun

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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