Nomura Asset Management Co. Ltd. Lowers Stake in Kanzhun Limited (NASDAQ:BZ)

Nomura Asset Management Co. Ltd. decreased its position in shares of Kanzhun Limited (NASDAQ:BZ) by 38.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,420,382 shares of the company’s stock after selling 905,547 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Kanzhun were worth $19,601,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kanzhun by 18.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,964 shares of the company’s stock valued at $3,628,000 after purchasing an additional 32,806 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kanzhun by 812.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock worth $123,607,000 after buying an additional 6,339,911 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Kanzhun in the third quarter valued at $590,000. Bamco Inc. NY raised its holdings in shares of Kanzhun by 11.3% in the 3rd quarter. Bamco Inc. NY now owns 2,195,825 shares of the company’s stock worth $38,120,000 after purchasing an additional 222,160 shares during the period. Finally, Centiva Capital LP lifted its stake in shares of Kanzhun by 23.5% in the 3rd quarter. Centiva Capital LP now owns 25,756 shares of the company’s stock valued at $447,000 after purchasing an additional 4,895 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Trading Down 3.0 %

NASDAQ BZ opened at $19.46 on Friday. The company’s fifty day simple moving average is $16.75 and its 200-day simple moving average is $15.21. The stock has a market cap of $7.41 billion, a P/E ratio of 43.25 and a beta of 0.46. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.

Analyst Upgrades and Downgrades

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

About Kanzhun

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.