Kanzhun Limited (NASDAQ:BZ) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its holdings in Kanzhun Limited (NASDAQ:BZ) by 50.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,355,463 shares of the company’s stock after selling 6,471,901 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Kanzhun were worth $87,708,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of Kanzhun by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock worth $25,000 after acquiring an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Kanzhun by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after purchasing an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. purchased a new position in Kanzhun during the 4th quarter worth approximately $63,000. Townsquare Capital LLC acquired a new stake in Kanzhun during the 4th quarter valued at $157,000. Finally, Virtu Financial LLC purchased a new stake in shares of Kanzhun in the fourth quarter valued at $162,000. Institutional investors own 60.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BZ shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $18.00 target price on shares of Kanzhun in a research note on Wednesday, March 12th. Barclays upped their price objective 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.71.

Kanzhun Trading Down 1.6 %

Shares of BZ stock opened at $14.36 on Monday. The company has a market capitalization of $5.59 billion, a P/E ratio of 31.91 and a beta of 0.32. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The stock has a 50 day moving average of $16.81 and a two-hundred day moving average of $15.21.

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.