Kanzhun Limited (NASDAQ:BZ) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its position in shares of Kanzhun Limited (NASDAQ:BZ) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 2,610,600 shares of the company’s stock after selling 9,312 shares during the quarter. National Bank of Canada FI’s holdings in Kanzhun were worth $36,026,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in Kanzhun by 9.4% in the fourth quarter. Franklin Resources Inc. now owns 149,540 shares of the company’s stock worth $2,064,000 after acquiring an additional 12,812 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Kanzhun by 4.6% in the 4th quarter. California Public Employees Retirement System now owns 493,356 shares of the company’s stock valued at $6,808,000 after purchasing an additional 21,527 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of Kanzhun by 7.1% in the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock valued at $204,774,000 after purchasing an additional 986,213 shares during the period. Premier Fund Managers Ltd boosted its holdings in Kanzhun by 25.4% during the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock worth $180,000 after buying an additional 2,661 shares in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Kanzhun by 7.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 444,752 shares of the company’s stock valued at $6,138,000 after buying an additional 30,568 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BZ shares. Barclays upped their price target on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Sanford C. Bernstein reissued a “market perform” rating and issued a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.71.

Kanzhun Stock Down 0.3 %

BZ opened at $19.00 on Thursday. The firm has a market cap of $7.24 billion, a P/E ratio of 42.22 and a beta of 0.46. The business’s fifty day simple moving average is $17.02 and its 200 day simple moving average is $15.36. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.

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.