WCM Investment Management LLC Reduces Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

WCM Investment Management LLC cut its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 54.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,065,562 shares of the company's stock after selling 1,278,068 shares during the quarter. WCM Investment Management LLC owned approximately 0.27% of KANZHUN worth $20,736,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BZ. Quadrant Capital Group LLC lifted its position 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 acquiring an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. raised its stake 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 purchasing an additional 1,542 shares during the period. Townsquare Capital LLC purchased a new position in KANZHUN in the 4th quarter worth approximately $157,000. Tudor Investment Corp ET AL bought a new position in KANZHUN in the 4th quarter worth approximately $160,000. Finally, Virtu Financial LLC bought a new position in KANZHUN in the 4th quarter worth approximately $162,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

KANZHUN Trading Up 0.7%

Shares of BZ traded up $0.12 during midday trading on Friday, reaching $17.90. 2,689,779 shares of the stock were exchanged, compared to its average volume of 4,472,095. The company has a market capitalization of $6.97 billion, a P/E ratio of 30.86 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 52 week low of $10.57 and a 52 week high of $20.81. The company's 50 day moving average is $17.48 and its two-hundred day moving average is $16.32.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BZ. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 price target on shares of KANZHUN in a research note on Wednesday, March 12th. Finally, Barclays lifted their price objective on KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, KANZHUN currently has a consensus rating of "Moderate Buy" and an average 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.