Bridgewater Associates LP Sells 12,701 Shares of Kanzhun Limited (NASDAQ:BZ)

Bridgewater Associates LP decreased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 308,452 shares of the company’s stock after selling 12,701 shares during the quarter. Bridgewater Associates LP’s holdings in Kanzhun were worth $4,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BZ. Krane Funds Advisors LLC grew its stake in Kanzhun by 49.6% in the 4th quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company’s stock worth $226,001,000 after acquiring an additional 5,432,730 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of 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 period. Vanguard Group Inc. grew its stake in Kanzhun by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock worth $198,687,000 after purchasing an additional 1,885,658 shares in the last quarter. WFM ASIA BVI Ltd raised its position in Kanzhun by 30.7% during the 4th quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company’s stock valued at $109,121,000 after purchasing an additional 1,855,500 shares in the last quarter. Finally, Brilliance Asset Management Ltd. lifted its holdings in shares of Kanzhun by 7.5% in the 4th quarter. Brilliance Asset Management Ltd. now owns 7,300,256 shares of the company’s stock worth $100,744,000 after buying an additional 510,745 shares during the period. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Stock Performance

Shares of Kanzhun stock opened at $13.90 on Friday. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The company has a market capitalization of $5.36 billion, a PE ratio of 30.89 and a beta of 0.32. The company has a 50-day simple moving average of $17.01 and a two-hundred day simple moving average of $15.41.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BZ. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays raised their target price on shares of Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.