Janus Henderson Group PLC Sells 330,005 Shares of Kanzhun Limited (NASDAQ:BZ)

Janus Henderson Group PLC lowered its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 63.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,269 shares of the company's stock after selling 330,005 shares during the quarter. Janus Henderson Group PLC's holdings in Kanzhun were worth $3,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BZ. Centiva Capital LP boosted its stake in shares of Kanzhun by 23.5% during the 3rd quarter. Centiva Capital LP now owns 25,756 shares of the company's stock worth $447,000 after acquiring an additional 4,895 shares during the period. Bamco Inc. NY lifted its holdings in Kanzhun by 11.3% during the 3rd quarter. Bamco Inc. NY now owns 2,195,825 shares of the company's stock valued at $38,120,000 after purchasing an additional 222,160 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in Kanzhun during the third quarter worth $590,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kanzhun by 812.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company's stock valued at $123,607,000 after purchasing an additional 6,339,911 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kanzhun by 18.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,964 shares of the company's stock valued at $3,628,000 after purchasing an additional 32,806 shares during the period. Institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BZ shares. Barclays increased their target price on Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday. Citigroup lowered their price objective on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, November 29th. Sanford C. Bernstein cut shares of Kanzhun from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $19.00 to $15.00 in a research report on Monday. Finally, CLSA initiated coverage on shares of Kanzhun in a research note on Monday, November 18th. They issued an "outperform" rating and a $18.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Kanzhun Stock Up 3.5 %

Shares of BZ stock traded up $0.50 during mid-day trading on Thursday, reaching $14.99. 2,344,849 shares of the stock traded hands, compared to its average volume of 4,150,072. The stock's fifty day simple moving average is $14.74 and its two-hundred day simple moving average is $15.73. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 33.70 and a beta of 0.50.

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.