Sei Investments Co. Sells 132,733 Shares of Kanzhun Limited (NASDAQ:BZ)

Sei Investments Co. cut its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,244,163 shares of the company's stock after selling 132,733 shares during the period. Sei Investments Co. owned about 0.33% of Kanzhun worth $17,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of BZ. PNC Financial Services Group Inc. lifted its holdings in Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Kanzhun during the fourth quarter valued at approximately $63,000. DRW Securities LLC purchased a new position in shares of Kanzhun in the third quarter worth $203,000. Virtu Financial LLC bought a new position in shares of Kanzhun during the fourth quarter worth $162,000. Finally, Hancock Whitney Corp purchased a new position in Kanzhun during the third quarter valued at $228,000. 60.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on BZ shares. Barclays boosted their price target 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 reiterated a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.71.

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Kanzhun Stock Down 0.6 %

BZ traded down $0.11 on Tuesday, hitting $19.06. The company had a trading volume of 3,206,436 shares, compared to its average volume of 4,552,050. The business's fifty day simple moving average is $16.93 and its 200 day simple moving average is $15.33. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The company has a market cap of $7.26 billion, a PE ratio of 42.36 and a beta of 0.46.

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.