Kanzhun Limited (NASDAQ:BZ) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567,904 shares of the company's stock after selling 3,157,905 shares during the quarter. Wellington Management Group LLP owned 0.94% of Kanzhun worth $49,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System raised its holdings in shares of Kanzhun by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 493,356 shares of the company's stock worth $6,808,000 after acquiring an additional 21,527 shares during the last quarter. Schroder Investment Management Group increased its stake 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. Premier Fund Managers Ltd increased its stake in Kanzhun by 25.4% in the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company's stock valued at $180,000 after purchasing an additional 2,661 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Kanzhun by 7.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 444,752 shares of the company's stock valued at $6,138,000 after purchasing an additional 30,568 shares during the last quarter. Finally, Norges Bank acquired a new position in Kanzhun in the fourth quarter valued at $64,060,000. 60.67% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays upped their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.71.

Kanzhun Stock Performance

Shares of NASDAQ:BZ traded down $0.63 during trading on Thursday, hitting $14.62. The company's stock had a trading volume of 1,365,211 shares, compared to its average volume of 4,650,068. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The stock's 50-day moving average price is $17.11 and its two-hundred day moving average price is $15.48. The company has a market capitalization of $5.62 billion, a PE ratio of 32.56 and a beta of 0.32.

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.