Trexquant Investment LP Lowers Holdings in Kanzhun Limited (NASDAQ:BZ)

Trexquant Investment LP lowered its position in shares of Kanzhun Limited (NASDAQ:BZ) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 376,352 shares of the company’s stock after selling 145,308 shares during the period. Trexquant Investment LP owned about 0.10% of Kanzhun worth $5,194,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Kanzhun by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after buying an additional 1,542 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Kanzhun during the 4th quarter worth $63,000. Virtu Financial LLC bought a new stake in Kanzhun during the fourth quarter valued at about $162,000. Premier Fund Managers Ltd grew its stake in Kanzhun by 25.4% in the fourth quarter. Premier Fund Managers Ltd now owns 13,131 shares of the company’s stock valued at $180,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Wolverine Trading LLC bought a new position in Kanzhun in the third quarter worth about $263,000. 60.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BZ. Barclays lifted their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $18.00 price target on shares of Kanzhun in a research report on Wednesday, March 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Kanzhun has an average rating of “Moderate Buy” and a consensus price target of $21.71.

Kanzhun Trading Down 18.3 %

NASDAQ:BZ opened at $15.42 on Friday. The firm has a fifty day simple moving average of $17.12 and a 200-day simple moving average of $15.40. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The company has a market capitalization of $5.87 billion, a P/E ratio of 34.27 and a beta of 0.46.

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.