Oaktree Fund Advisors LLC Sells 31,516 Shares of Kanzhun Limited (NASDAQ:BZ)

Oaktree Fund Advisors LLC lowered its holdings in Kanzhun Limited (NASDAQ:BZ) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,994 shares of the company’s stock after selling 31,516 shares during the period. Kanzhun makes up about 2.7% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 14th largest holding. Oaktree Fund Advisors LLC’s holdings in Kanzhun were worth $1,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in Kanzhun by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after purchasing an additional 1,542 shares in the last quarter. Swiss National Bank raised its position in shares of Kanzhun by 0.3% in the 4th quarter. Swiss National Bank now owns 600,966 shares of the company’s stock valued at $8,293,000 after buying an additional 1,900 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Kanzhun by 9.3% during the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company’s stock worth $334,000 after acquiring an additional 2,066 shares during the period. US Bancorp DE boosted its position in shares of Kanzhun by 6.0% during the 4th quarter. US Bancorp DE now owns 42,456 shares of the company’s stock worth $586,000 after acquiring an additional 2,406 shares in the last quarter. Finally, Premier Fund Managers Ltd increased 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 acquiring an additional 2,661 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Trading Down 3.0 %

Shares of BZ stock opened at $19.46 on Friday. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 43.25 and a beta of 0.46. The business’s 50-day moving average price is $16.75 and its 200-day moving average price is $15.21. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

Analyst Ratings Changes

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

About Kanzhun

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.