Kanzhun Limited (NASDAQ:BZ) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,366,322 shares of the company's stock after selling 733,826 shares during the quarter. Russell Investments Group Ltd. owned 0.36% of Kanzhun worth $18,855,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Aviva PLC grew its position in Kanzhun by 2.8% in the 4th quarter. Aviva PLC now owns 179,300 shares of the company's stock worth $2,474,000 after purchasing an additional 4,900 shares during the period. HCEP Management Ltd boosted its stake in Kanzhun by 200.0% in the 4th quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock worth $41,400,000 after purchasing an additional 2,000,000 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in Kanzhun in the 4th quarter valued at $883,000. WFM ASIA BVI Ltd increased its holdings in shares of Kanzhun by 30.7% in the fourth 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. Finally, Prudential PLC raised its holdings in shares of Kanzhun by 52.8% during the 4th quarter. Prudential PLC now owns 141,691 shares of the company's stock worth $1,955,000 after acquiring an additional 48,938 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

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

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Kanzhun Stock Performance

NASDAQ BZ traded up $0.02 during mid-day trading on Tuesday, reaching $14.56. 2,021,925 shares of the stock were exchanged, compared to its average volume of 4,662,639. The business's fifty day simple moving average is $17.09 and its 200 day simple moving average is $15.45. The stock has a market capitalization of $5.60 billion, a PE ratio of 32.34 and a beta of 0.32. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.

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.