Janus Henderson Group PLC Reduces Stock Position in Kanzhun Limited (NASDAQ:BZ)

Janus Henderson Group PLC reduced its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 41.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,133 shares of the company's stock after selling 78,136 shares during the period. Janus Henderson Group PLC's holdings in Kanzhun were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BZ. Krane Funds Advisors LLC raised its position in Kanzhun by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock valued at $226,001,000 after acquiring an additional 5,432,730 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Kanzhun by 7.1% in the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock valued at $204,774,000 after acquiring an additional 986,213 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Kanzhun by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after buying an additional 1,885,658 shares in the last quarter. Capital World Investors lifted its stake in Kanzhun by 636.3% in the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company's stock worth $190,837,000 after purchasing an additional 11,950,467 shares in the last quarter. Finally, WFM ASIA BVI Ltd raised its stake in Kanzhun by 30.7% during the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock worth $109,121,000 after purchasing an additional 1,855,500 shares during the period. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Stock Up 1.3%

Shares of BZ traded up $0.23 on Tuesday, reaching $17.64. The stock had a trading volume of 1,219,989 shares, compared to its average volume of 4,507,391. The firm has a 50-day moving average of $16.59 and a 200 day moving average of $15.47. The firm has a market capitalization of $6.86 billion, a PE ratio of 39.19 and a beta of 0.35. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $21.99.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BZ. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Barclays boosted their target price on Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

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.