Ameriprise Financial Inc. Has $14.93 Million Holdings in Kanzhun Limited (NASDAQ:BZ)

Ameriprise Financial Inc. lowered its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,082,121 shares of the company's stock after selling 102,610 shares during the period. Ameriprise Financial Inc. owned about 0.28% of Kanzhun worth $14,933,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in Kanzhun by 58.7% during the third quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after acquiring an additional 166,683 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Kanzhun by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock worth $2,201,000 after purchasing an additional 15,497 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Kanzhun during the 4th quarter worth about $333,000. Matthews International Capital Management LLC lifted its holdings in Kanzhun by 84.3% during the 4th quarter. Matthews International Capital Management LLC now owns 848,290 shares of the company's stock valued at $11,706,000 after purchasing an additional 388,080 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new position in Kanzhun in the fourth quarter valued at about $63,000. Institutional investors own 60.67% of the company's stock.

Kanzhun Stock Up 1.6%

BZ stock traded up $0.28 during trading on Friday, hitting $17.53. The company had a trading volume of 264,208 shares, compared to its average volume of 4,506,026. The firm has a 50-day moving average price of $16.72 and a 200-day moving average price of $15.43. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.25. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 38.93 and a beta of 0.35.

Wall Street Analysts Forecast Growth

BZ has been the subject of several recent analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 price objective on shares of Kanzhun in a report on Wednesday, March 12th. Barclays raised their price target on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.80.

Kanzhun 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.