SG Americas Securities LLC Trims Holdings in Kanzhun Limited (NASDAQ:BZ)

SG Americas Securities LLC lowered its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 88.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,845 shares of the company's stock after selling 1,190,011 shares during the quarter. SG Americas Securities LLC's holdings in Kanzhun were worth $2,911,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BZ. First Trust Advisors LP lifted its holdings in shares of Kanzhun by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after buying an additional 999 shares during the period. Quadrant Capital Group LLC increased its position in Kanzhun by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after buying an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Kanzhun by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after buying an additional 1,542 shares in the last quarter. Swiss National Bank increased its position in Kanzhun by 0.3% during the 4th quarter. Swiss National Bank now owns 600,966 shares of the company's stock valued at $8,293,000 after buying an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Kanzhun by 9.3% during the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock valued at $334,000 after buying an additional 2,066 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BZ. Daiwa America raised Kanzhun from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Finally, Barclays upped 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. 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 stock. Based on data from MarketBeat.com, Kanzhun presently has an average rating of "Moderate Buy" and an average target price of $18.50.

Kanzhun Stock Down 3.1%

Shares of NASDAQ BZ traded down $0.57 during midday trading on Friday, hitting $17.65. The stock had a trading volume of 4,319,296 shares, compared to its average volume of 4,466,445. The company has a market capitalization of $6.87 billion, a PE ratio of 39.22 and a beta of 0.39. The stock has a 50 day simple moving average of $16.43 and a 200-day simple moving average of $15.92. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $20.89.

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.