Kanzhun Limited (NASDAQ:BZ) Shares Sold by Tekne Capital Management LLC

Tekne Capital Management LLC lessened its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,200,000 shares of the company's stock after selling 282,903 shares during the quarter. Kanzhun comprises about 16.1% of Tekne Capital Management LLC's investment portfolio, making the stock its 2nd biggest position. Tekne Capital Management LLC owned about 0.84% of Kanzhun worth $44,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BZ. Quadrant Capital Group LLC grew its position in Kanzhun by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after buying an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after purchasing an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Kanzhun in the fourth quarter worth $63,000. Townsquare Capital LLC acquired a new stake in Kanzhun during the fourth quarter worth $157,000. Finally, Virtu Financial LLC bought a new stake in Kanzhun in the 4th quarter valued at $162,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Trading Down 1.7 %

NASDAQ BZ traded down $0.24 during trading hours on Tuesday, reaching $14.30. 4,690,532 shares of the company's stock were exchanged, compared to its average volume of 4,679,074. The firm has a fifty day moving average of $17.08 and a 200-day moving average of $15.45. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The stock has a market cap of $5.51 billion, a PE ratio of 31.78 and a beta of 0.32.

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Wall Street Analysts Forecast Growth

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

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.