Kanzhun Limited (NASDAQ:BZ) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 25.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,750,710 shares of the company's stock after selling 605,320 shares during the quarter. Legal & General Group Plc owned 0.46% of Kanzhun worth $24,160,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Schroder Investment Management Group boosted its stake in shares of 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 buying an additional 986,213 shares during the period. Vanguard Group Inc. increased 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 last quarter. WFM ASIA BVI Ltd lifted its position 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 worth $109,121,000 after purchasing an additional 1,855,500 shares during the last quarter. Brilliance Asset Management Ltd. increased its holdings in Kanzhun by 7.5% in the fourth quarter. Brilliance Asset Management Ltd. now owns 7,300,256 shares of the company's stock valued at $100,744,000 after buying an additional 510,745 shares during the last quarter. Finally, State Street Corp raised its stake in Kanzhun by 2.8% in the third quarter. State Street Corp now owns 5,084,631 shares of the company's stock valued at $88,269,000 after buying an additional 138,804 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

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Kanzhun Stock Down 1.7 %

BZ traded down $0.24 on Tuesday, hitting $14.30. 4,690,532 shares of the company traded hands, compared to its average volume of 4,679,074. The stock has a market capitalization of $5.51 billion, a PE ratio of 31.78 and a beta of 0.32. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The company has a 50 day moving average of $17.09 and a 200-day moving average of $15.45.

Analyst Ratings Changes

Several brokerages have recently weighed in on BZ. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays raised their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.

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.