Trexquant Investment LP Sells 145,308 Shares of Kanzhun Limited (NASDAQ:BZ)

Trexquant Investment LP trimmed its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,352 shares of the company's stock after selling 145,308 shares during the period. Trexquant Investment LP owned 0.10% of Kanzhun worth $5,194,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BZ. Schroder Investment Management Group increased its holdings in Kanzhun by 7.1% in the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock valued at $204,774,000 after purchasing an additional 986,213 shares during the last quarter. Vanguard Group Inc. boosted its stake in Kanzhun by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after acquiring an additional 1,885,658 shares during the last quarter. Brilliance Asset Management Ltd. increased its stake 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 purchasing an additional 510,745 shares in the last quarter. State Street Corp raised its holdings in Kanzhun by 2.8% in the third quarter. State Street Corp now owns 5,084,631 shares of the company's stock worth $88,269,000 after purchasing an additional 138,804 shares during the period. Finally, Norges Bank acquired a new position in shares of Kanzhun in the 4th quarter valued at $64,060,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

Kanzhun Trading Down 6.0 %

Shares of Kanzhun stock traded down $0.91 during trading hours on Thursday, reaching $14.34. 2,268,923 shares of the company's stock were exchanged, compared to its average volume of 4,653,804. The company has a 50 day moving average of $17.11 and a two-hundred day moving average of $15.48. The stock has a market cap of $5.51 billion, a P/E ratio of 31.72 and a beta of 0.32. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74.

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.