Skandinaviska Enskilda Banken AB publ Decreases Stake in Kanzhun Limited (NASDAQ:BZ)

Skandinaviska Enskilda Banken AB publ reduced its stake in Kanzhun Limited (NASDAQ:BZ) by 77.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,200 shares of the company’s stock after selling 34,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Kanzhun were worth $140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BZ. Crossmark Global Holdings Inc. raised its position in Kanzhun by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after buying an additional 759 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Kanzhun during the 3rd quarter worth approximately $257,000. Swiss National Bank raised its position in Kanzhun by 4.9% during the 3rd quarter. Swiss National Bank now owns 599,066 shares of the company’s stock worth $10,400,000 after buying an additional 28,239 shares during the last quarter. GGV Capital LLC raised its position in Kanzhun by 57.1% during the 3rd quarter. GGV Capital LLC now owns 825,000 shares of the company’s stock worth $14,322,000 after buying an additional 300,000 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Kanzhun during the 3rd quarter worth approximately $2,308,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Citigroup reduced their price target on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Barclays raised their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, March 13th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $18.00 price objective on shares of Kanzhun in a research note on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.71.

Kanzhun Stock Performance

Kanzhun stock opened at $20.56 on Wednesday. The company’s fifty day moving average price is $15.74 and its 200 day moving average price is $14.80. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The stock has a market capitalization of $7.83 billion, a P/E ratio of 45.69 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.