WCM Investment Management LLC Sells 1,278,068 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

WCM Investment Management LLC lowered its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 54.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,065,562 shares of the company's stock after selling 1,278,068 shares during the period. WCM Investment Management LLC owned about 0.27% of KANZHUN worth $20,736,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BZ. Quadrant Capital Group LLC lifted its stake in 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 buying an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in 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 in the last quarter. Townsquare Capital LLC acquired a new position in KANZHUN in the 4th quarter worth $157,000. Tudor Investment Corp ET AL bought a new position in KANZHUN during the 4th quarter worth about $160,000. Finally, Virtu Financial LLC acquired a new stake in shares of KANZHUN in the 4th quarter valued at about $162,000. Institutional investors and hedge funds own 60.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 target price on shares of KANZHUN in a research note on Wednesday, March 12th. Finally, Barclays upped their price target on KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Two 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $18.50.

KANZHUN Trading Up 1.6%

Shares of NASDAQ BZ traded up $0.28 during mid-day trading on Wednesday, hitting $17.78. The company had a trading volume of 3,292,209 shares, compared to its average volume of 4,458,521. The firm has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $16.23. The company has a market capitalization of $6.92 billion, a PE ratio of 30.66 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a one year low of $10.57 and a one year high of $20.81.

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.