Kanzhun Limited (NASDAQ:BZ) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lowered its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 38.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,420,382 shares of the company’s stock after selling 905,547 shares during the period. Nomura Asset Management Co. Ltd. owned 0.37% of Kanzhun worth $19,601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BZ. PNC Financial Services Group Inc. increased its holdings in shares of Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after purchasing an additional 1,542 shares during the period. Swiss National Bank increased its stake in Kanzhun by 0.3% in the 4th quarter. Swiss National Bank now owns 600,966 shares of the company’s stock valued at $8,293,000 after buying an additional 1,900 shares during the period. Rhumbline Advisers raised its position in Kanzhun by 9.3% during the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company’s stock worth $334,000 after buying an additional 2,066 shares during the last quarter. US Bancorp DE lifted its stake in shares of Kanzhun by 6.0% in the 4th quarter. US Bancorp DE now owns 42,456 shares of the company’s stock worth $586,000 after acquiring an additional 2,406 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Kanzhun by 10.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 42,263 shares of the company’s stock valued at $586,000 after acquiring an additional 4,000 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BZ has been the subject of several analyst reports. Sanford C. Bernstein reissued a “market perform” rating and set a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays increased their target price on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Kanzhun presently has an average rating of “Moderate Buy” and an average target price of $21.71.

Kanzhun Stock Performance

Kanzhun stock opened at $19.46 on Friday. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 43.25 and a beta of 0.46. The stock’s fifty day moving average is $16.75 and its two-hundred day moving average is $15.21.

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.