Charles Schwab Investment Management Inc. Sells 25,514 Shares of Kanzhun Limited (NASDAQ:BZ)

Charles Schwab Investment Management Inc. cut its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 6.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 370,591 shares of the company’s stock after selling 25,514 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.10% of Kanzhun worth $6,433,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BZ. Assenagon Asset Management S.A. acquired a new position in Kanzhun during the 3rd quarter valued at about $64,220,000. RWC Asset Advisors US LLC boosted its holdings in shares of Kanzhun by 79.8% in the 2nd quarter. RWC Asset Advisors US LLC now owns 5,700,186 shares of the company’s stock worth $107,220,000 after buying an additional 2,529,725 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Kanzhun by 109.3% in the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock worth $54,251,000 after buying an additional 1,649,411 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Kanzhun by 3,918.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,648,976 shares of the company’s stock valued at $28,626,000 after acquiring an additional 1,607,941 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Kanzhun in the second quarter worth $28,705,000. Institutional investors own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BZ shares. Citigroup lowered their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and cut their price target for the company from $19.00 to $15.00 in a report on Monday. Barclays upped their price target on shares of Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday. Finally, CLSA began coverage on Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Kanzhun Stock Up 2.7 %

NASDAQ:BZ opened at $14.49 on Thursday. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock has a market cap of $5.49 billion, a P/E ratio of 33.70 and a beta of 0.50. The firm’s fifty day simple moving average is $14.74 and its 200 day simple moving average is $15.73.

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.