Kanzhun Limited (NASDAQ:BZ) Shares Sold by Trexquant Investment LP

Trexquant Investment LP reduced its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 27.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 376,352 shares of the company’s stock after selling 145,308 shares during the period. Trexquant Investment LP’s holdings in Kanzhun were worth $5,194,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BZ. Schroder Investment Management Group boosted its holdings in Kanzhun by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock worth $204,774,000 after buying an additional 986,213 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 in the last quarter. Brilliance Asset Management Ltd. grew its position in shares of Kanzhun by 7.5% during the 4th quarter. Brilliance Asset Management Ltd. now owns 7,300,256 shares of the company’s stock valued at $100,744,000 after acquiring an additional 510,745 shares during the period. State Street Corp increased its stake in shares of Kanzhun by 2.8% in the 3rd quarter. State Street Corp now owns 5,084,631 shares of the company’s stock valued at $88,269,000 after purchasing an additional 138,804 shares in the last quarter. Finally, Norges Bank acquired a new position in Kanzhun in the 4th quarter worth about $64,060,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Performance

NASDAQ BZ opened at $15.42 on Friday. The business has a fifty day moving average price of $17.12 and a 200 day moving average price of $15.40. The company has a market cap of $5.87 billion, a P/E ratio of 34.27 and a beta of 0.46. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BZ. Barclays boosted their price objective on Kanzhun from $16.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 price objective 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

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.