Kanzhun Limited (NASDAQ:BZ) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership trimmed its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,484,485 shares of the company’s stock after selling 524,725 shares during the period. Artisan Partners Limited Partnership’s holdings in Kanzhun were worth $61,886,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Kanzhun by 15.1% in the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock worth $198,687,000 after buying an additional 1,885,658 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 purchasing an additional 6,339,911 shares in the last quarter. State Street Corp boosted its position in Kanzhun by 2.8% in the 3rd quarter. State Street Corp now owns 5,084,631 shares of the company’s stock worth $88,269,000 after purchasing an additional 138,804 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Kanzhun by 2.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company’s stock worth $52,136,000 after purchasing an additional 78,697 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of Kanzhun by 79.7% during the 4th quarter. Jennison Associates LLC now owns 3,329,853 shares of the company’s stock valued at $45,952,000 after purchasing an additional 1,476,693 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Stock Up 1.7 %

BZ stock opened at $20.06 on Friday. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a 50-day simple moving average of $16.66 and a 200-day simple moving average of $15.14. The stock has a market capitalization of $7.64 billion, a P/E ratio of 44.58 and a beta of 0.46.

Analyst Upgrades and Downgrades

BZ has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Sanford C. Bernstein restated a “market perform” rating and set a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Finally, Citigroup reduced their price target on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.71.

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.