Lazard Asset Management LLC Has $6.04 Million Position in Kanzhun Limited (NASDAQ:BZ)

Lazard Asset Management LLC lessened its position in Kanzhun Limited (NASDAQ:BZ) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,930 shares of the company’s stock after selling 219,407 shares during the period. Lazard Asset Management LLC’s holdings in Kanzhun were worth $6,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BZ. Quadrant Capital Group LLC boosted its position in shares of Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after purchasing an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after acquiring 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 approximately $63,000. Townsquare Capital LLC bought a new position in Kanzhun in the fourth quarter worth approximately $157,000. Finally, Tudor Investment Corp ET AL bought a new position in Kanzhun in the fourth quarter worth approximately $160,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analysts Set New Price Targets

BZ has been the topic of several recent research reports. Barclays increased their price target on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Kanzhun presently has a consensus rating of “Moderate Buy” and an average price target of $21.71.

Kanzhun Stock Down 2.1%

Shares of Kanzhun stock opened at $18.10 on Friday. The company has a market cap of $7.05 billion, a PE ratio of 40.22 and a beta of 0.35. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The business has a 50 day moving average price of $16.84 and a 200-day moving average price of $15.33.

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.