Kanzhun Limited (NASDAQ:BZ) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,567,904 shares of the company's stock after selling 3,157,905 shares during the quarter. Wellington Management Group LLP owned 0.94% of Kanzhun worth $49,237,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in Kanzhun by 7.7% during 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 in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Kanzhun by 403.1% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 purchasing an additional 1,542 shares in the last quarter. Swiss National Bank raised its holdings in shares of Kanzhun by 0.3% in the 4th quarter. Swiss National Bank now owns 600,966 shares of the company's stock valued at $8,293,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Kanzhun by 9.3% in the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock valued at $334,000 after purchasing an additional 2,066 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BZ has been the topic of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Barclays increased their target price 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.50.

Kanzhun Stock Performance

Kanzhun stock traded up $0.64 during midday trading on Monday, hitting $17.60. 1,211,554 shares of the company's stock were exchanged, compared to its average volume of 4,466,109. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $21.99. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 39.10 and a beta of 0.35. The firm's 50 day simple moving average is $16.39 and its 200 day simple moving average is $15.57.

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.