Kanzhun Limited (NASDAQ:BZ) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,420,382 shares of the company's stock after selling 905,547 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.37% of Kanzhun worth $19,601,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Kanzhun during the fourth quarter worth about $64,060,000. Brilliance Asset Management Ltd. increased its holdings in Kanzhun by 7.5% in the 4th quarter. Brilliance Asset Management Ltd. now owns 7,300,256 shares of the company's stock valued at $100,744,000 after purchasing an additional 510,745 shares during the last quarter. Korea Investment CORP raised its position in Kanzhun by 118.6% in the fourth quarter. Korea Investment CORP now owns 178,590 shares of the company's stock valued at $2,465,000 after purchasing an additional 96,900 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Kanzhun by 8.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 521,349 shares of the company's stock worth $7,195,000 after purchasing an additional 40,667 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Kanzhun by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock valued at $198,687,000 after buying an additional 1,885,658 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

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Analysts Set New Price Targets

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

Kanzhun Stock Down 1.8 %

BZ traded down $0.34 on Thursday, hitting $18.66. 1,051,180 shares of the company traded hands, compared to its average volume of 4,543,997. The company has a 50 day moving average of $17.02 and a 200-day moving average of $15.36. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The stock has a market capitalization of $7.11 billion, a PE ratio of 41.47 and a beta of 0.46.

Kanzhun 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.