Kanzhun Limited (NASDAQ:BZ) Shares Sold by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC trimmed its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 25.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,453 shares of the company's stock after selling 16,819 shares during the period. ABS Direct Equity Fund LLC's holdings in Kanzhun were worth $929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BZ. Union Bancaire Privee UBP SA lifted its holdings in Kanzhun by 416.1% during the 1st quarter. Union Bancaire Privee UBP SA now owns 130,696 shares of the company's stock worth $2,431,000 after buying an additional 105,374 shares in the last quarter. Myriad Asset Management US LP purchased a new position in Kanzhun in the first quarter valued at $2,734,000. California State Teachers Retirement System grew its stake in Kanzhun by 39.7% during the 4th quarter. California State Teachers Retirement System now owns 147,518 shares of the company's stock worth $2,036,000 after purchasing an additional 41,941 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Kanzhun during the 4th quarter worth about $1,979,000. Finally, GF Fund Management CO. LTD. acquired a new stake in Kanzhun in the 4th quarter valued at about $9,066,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BZ has been the topic of a number of recent research reports. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a research note 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 research note on Thursday, March 13th. Finally, Daiwa America upgraded Kanzhun from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Kanzhun presently has an average rating of "Moderate Buy" and a consensus price target of $18.50.

Kanzhun Price Performance

Shares of BZ opened at $17.65 on Friday. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $20.89. The stock has a market cap of $6.87 billion, a PE ratio of 39.22 and a beta of 0.39. The firm has a fifty day moving average price of $16.43 and a 200 day moving average price of $15.92.

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.

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