Deutsche Bank AG Sells 456,543 Shares of Kanzhun Limited (NASDAQ:BZ)

Deutsche Bank AG trimmed its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 43.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 596,876 shares of the company's stock after selling 456,543 shares during the period. Deutsche Bank AG owned 0.16% of Kanzhun worth $8,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in BZ. Quadrant Capital Group LLC lifted its stake in shares of Kanzhun by 403.1% in the fourth 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 during the period. PNC Financial Services Group Inc. grew its stake in shares of Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after acquiring an additional 1,542 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Kanzhun during the fourth quarter valued at approximately $63,000. Townsquare Capital LLC acquired a new stake in shares of Kanzhun during the fourth quarter worth $157,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Kanzhun during the 4th quarter worth approximately $160,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on BZ. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research report 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.71.

Kanzhun Trading Down 0.7%

NASDAQ BZ traded down $0.13 on Tuesday, reaching $18.11. The stock had a trading volume of 1,411,676 shares, compared to its average volume of 4,539,947. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 40.25 and a beta of 0.35. The business has a 50 day moving average price of $16.84 and a 200 day moving average price of $15.38. Kanzhun Limited has a 1 year low of $10.57 and a 1 year 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.