Kanzhun Limited (NASDAQ:BZ) Stock Position Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in Kanzhun Limited (NASDAQ:BZ) by 34.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,366,322 shares of the company’s stock after selling 733,826 shares during the quarter. Russell Investments Group Ltd. owned about 0.36% of Kanzhun worth $18,855,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of Kanzhun by 58.7% during the 3rd quarter. Barclays PLC now owns 450,663 shares of the company’s stock worth $7,824,000 after buying an additional 166,683 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Kanzhun during the 4th quarter worth about $333,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Kanzhun by 112.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 200,710 shares of the company’s stock worth $2,769,000 after buying an additional 106,226 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Kanzhun during the 3rd quarter worth about $1,430,000. Finally, Nan Fung Trinity HK Ltd. bought a new stake in shares of Kanzhun during the 4th quarter worth about $24,521,000. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Stock Performance

Shares of BZ opened at $15.25 on Thursday. The company’s 50 day moving average price is $17.11 and its 200 day moving average price is $15.48. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The company has a market capitalization of $5.86 billion, a PE ratio of 33.89 and a beta of 0.32.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays lifted their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Kanzhun presently has an average rating of “Moderate Buy” and a consensus price target of $21.71.

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.