Oaktree Capital Management LP Has $24.32 Million Stock Position in Kanzhun Limited (NASDAQ:BZ)

Oaktree Capital Management LP lessened its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,762,631 shares of the company’s stock after selling 248,943 shares during the quarter. Oaktree Capital Management LP owned approximately 0.46% of Kanzhun worth $24,324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kanzhun by 812.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock valued at $123,607,000 after purchasing an additional 6,339,911 shares during the last quarter. Norges Bank acquired a new stake in Kanzhun in the 4th quarter worth about $64,060,000. National Bank of Canada FI acquired a new position in shares of Kanzhun during the 3rd quarter worth approximately $45,482,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of Kanzhun by 7,012.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock worth $40,378,000 after purchasing an additional 2,293,229 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Kanzhun by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock valued at $198,687,000 after buying an additional 1,885,658 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BZ shares. Barclays upped their target price 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 reiterated a “market perform” rating and set a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Kanzhun has a consensus rating of “Moderate Buy” and a consensus target price of $21.71.

Kanzhun Trading Down 3.0 %

Shares of NASDAQ BZ opened at $19.46 on Friday. The stock has a 50-day moving average price of $16.75 and a two-hundred day moving average price of $15.21. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 43.25 and a beta of 0.46.

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.