Bamco Inc. NY Sells 551,424 Shares of Kanzhun Limited (NASDAQ:BZ)

Bamco Inc. NY lowered its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,644,401 shares of the company's stock after selling 551,424 shares during the period. Bamco Inc. NY owned approximately 0.43% of Kanzhun worth $22,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after purchasing an additional 166,683 shares during the period. Tidal Investments LLC bought a new position in Kanzhun in the 3rd quarter valued at about $662,000. Franklin Resources Inc. raised its position in shares of Kanzhun by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock valued at $2,201,000 after buying an additional 15,497 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Kanzhun by 13.8% during the 4th quarter. Nordea Investment Management AB now owns 282,510 shares of the company's stock worth $3,928,000 after acquiring an additional 34,284 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Kanzhun by 2.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company's stock valued at $52,136,000 after acquiring an additional 78,697 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Barclays lifted 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.71.

Kanzhun Trading Up 5.5 %

Shares of BZ stock opened at $16.36 on Monday. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 36.36 and a beta of 0.32. The business's 50-day moving average price is $16.77 and its 200-day moving average price is $15.20. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

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.

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