JPMorgan Chase & Co. Decreases Stake in Kanzhun Limited (NASDAQ:BZ)

JPMorgan Chase & Co. cut its position in Kanzhun Limited (NASDAQ:BZ) by 17.5% during the fourth quarter, HoldingsChannel reports. The firm owned 11,698,129 shares of the company’s stock after selling 2,474,364 shares during the quarter. JPMorgan Chase & Co.’s holdings in Kanzhun were worth $161,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BZ. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kanzhun by 18.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,964 shares of the company’s stock valued at $3,628,000 after acquiring an additional 32,806 shares during the last quarter. Bamco Inc. NY increased its stake in Kanzhun by 11.3% in the third quarter. Bamco Inc. NY now owns 2,195,825 shares of the company’s stock valued at $38,120,000 after purchasing an additional 222,160 shares during the last quarter. Centiva Capital LP raised its holdings in Kanzhun by 23.5% during the third quarter. Centiva Capital LP now owns 25,756 shares of the company’s stock worth $447,000 after purchasing an additional 4,895 shares in the last quarter. Polymer Capital Management HK LTD purchased a new stake in shares of Kanzhun during the 3rd quarter worth approximately $314,000. Finally, State Street Corp boosted its holdings in shares of Kanzhun by 2.8% in the 3rd quarter. State Street Corp now owns 5,084,631 shares of the company’s stock valued at $88,269,000 after buying an additional 138,804 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Kanzhun Stock Performance

Shares of NASDAQ:BZ opened at $19.06 on Wednesday. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 42.36 and a beta of 0.46. The company has a 50-day simple moving average of $16.93 and a 200-day simple moving average of $15.33.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target 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 reissued a “market perform” rating and issued a $18.00 target price on shares of Kanzhun in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, 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.