Lazard Asset Management LLC Sells 219,407 Shares of Kanzhun Limited (NASDAQ:BZ)

Lazard Asset Management LLC lowered its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 437,930 shares of the company's stock after selling 219,407 shares during the period. Lazard Asset Management LLC owned approximately 0.11% of Kanzhun worth $6,043,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BZ. Barclays PLC boosted its position in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock valued at $7,824,000 after acquiring an additional 166,683 shares during the period. Franklin Resources Inc. lifted its stake in Kanzhun by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock worth $2,201,000 after purchasing an additional 15,497 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Kanzhun by 2.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company's stock valued at $52,136,000 after purchasing an additional 78,697 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of Kanzhun during the 4th quarter valued at $333,000. Finally, Matthews International Capital Management LLC grew its position in shares of Kanzhun by 84.3% during the 4th quarter. Matthews International Capital Management LLC now owns 848,290 shares of the company's stock valued at $11,706,000 after purchasing an additional 388,080 shares in the last quarter. Institutional investors own 60.67% of the company's stock.

Kanzhun Stock Performance

Shares of BZ stock traded down $0.01 on Monday, hitting $18.24. 2,314,263 shares of the company's stock traded hands, compared to its average volume of 4,552,461. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 40.53 and a beta of 0.35. The company's fifty day simple moving average is $16.84 and its 200 day simple moving average is $15.36. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74.

Wall Street Analyst Weigh In

BZ has been the topic of several research reports. Barclays raised their price objective 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 reaffirmed a "market perform" rating and set a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.71.

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.