Two Sigma Investments LP Sells 27,800 Shares of Kanzhun Limited (NASDAQ:BZ)

Two Sigma Investments LP trimmed its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 18.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,564 shares of the company’s stock after selling 27,800 shares during the period. Two Sigma Investments LP’s holdings in Kanzhun were worth $1,747,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Krane Funds Advisors LLC lifted its position in shares of Kanzhun by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company’s stock valued at $226,001,000 after purchasing an additional 5,432,730 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Kanzhun by 7.1% during the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock worth $204,774,000 after buying an additional 986,213 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kanzhun by 15.1% during the 4th 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 in the last quarter. Capital World Investors boosted its stake in shares of Kanzhun by 636.3% in the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company’s stock worth $190,837,000 after buying an additional 11,950,467 shares during the last quarter. Finally, WFM ASIA BVI Ltd grew its holdings in shares of Kanzhun by 30.7% in the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company’s stock valued at $109,121,000 after acquiring an additional 1,855,500 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analysts Set New Price Targets

BZ has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $18.00 price target on shares of Kanzhun in a report on Wednesday, March 12th. Barclays raised their target price on Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kanzhun currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Kanzhun Trading Up 4.1%

NASDAQ:BZ opened at $17.65 on Tuesday. The company has a market cap of $6.87 billion, a PE ratio of 39.22 and a beta of 0.35. The company has a 50 day simple moving average of $16.35 and a two-hundred day simple moving average of $15.60. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $21.99.

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.