Voloridge Investment Management LLC Sells 73,422 Shares of Kanzhun Limited (NASDAQ:BZ)

Voloridge Investment Management LLC reduced its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 586,944 shares of the company's stock after selling 73,422 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.15% of Kanzhun worth $8,100,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its holdings in shares of Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after purchasing an additional 1,427 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after acquiring an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in Kanzhun during the 4th quarter worth about $63,000. Townsquare Capital LLC acquired a new stake in Kanzhun during the 4th quarter worth about $157,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Kanzhun during the 4th quarter valued at about $160,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

Kanzhun Price Performance

Shares of NASDAQ:BZ traded down $0.55 during trading on Friday, reaching $17.15. 795,337 shares of the company's stock traded hands, compared to its average volume of 4,430,071. The company has a 50 day moving average of $16.44 and a 200-day moving average of $15.52. The stock has a market capitalization of $6.67 billion, a P/E ratio of 38.10 and a beta of 0.35. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $21.99.

Analysts Set New Price Targets

Several analysts have recently commented on BZ shares. Barclays lifted their price target on shares of Kanzhun from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.