Two Sigma Investments LP Sells 27,800 Shares of Kanzhun Limited (NASDAQ:BZ)

Two Sigma Investments LP lowered its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,564 shares of the company's stock after selling 27,800 shares during the quarter. Two Sigma Investments LP's holdings in Kanzhun were worth $1,747,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Temasek Holdings Private Ltd purchased a new stake in Kanzhun during the fourth quarter valued at about $10,647,000. Thornburg Investment Management Inc. lifted its holdings in Kanzhun by 37.8% during the fourth quarter. Thornburg Investment Management Inc. now owns 3,648,622 shares of the company's stock valued at $50,351,000 after purchasing an additional 1,000,548 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in Kanzhun during the fourth quarter valued at about $163,000. Man Group plc lifted its holdings in Kanzhun by 5.2% during the fourth quarter. Man Group plc now owns 326,869 shares of the company's stock valued at $4,511,000 after purchasing an additional 16,049 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Kanzhun by 3.2% during the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock valued at $8,961,000 after purchasing an additional 20,100 shares during the last quarter. Institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Daiwa America raised shares of Kanzhun from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Kanzhun has an average rating of "Moderate Buy" and a consensus target price of $18.50.

Kanzhun Trading Up 3.8%

Shares of BZ stock traded up $0.67 during trading hours on Wednesday, hitting $18.43. 3,577,167 shares of the company's stock were exchanged, compared to its average volume of 4,461,149. The company has a market capitalization of $7.17 billion, a PE ratio of 40.96 and a beta of 0.35. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $21.99. The business's 50 day simple moving average is $16.30 and its 200-day simple moving average is $15.62.

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.