Oaktree Capital Management LP Has $24.32 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Oaktree Capital Management LP reduced its holdings in Kanzhun Limited (NASDAQ:BZ) by 12.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,762,631 shares of the company’s stock after selling 248,943 shares during the period. Oaktree Capital Management LP’s holdings in Kanzhun were worth $24,324,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BZ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Kanzhun by 812.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock valued at $123,607,000 after purchasing an additional 6,339,911 shares during the period. Norges Bank bought a new position in shares of Kanzhun during the fourth quarter worth about $64,060,000. National Bank of Canada FI acquired a new position in shares of Kanzhun in the third quarter worth approximately $45,482,000. Nomura Asset Management Co. Ltd. increased its position in Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock valued at $40,378,000 after purchasing an additional 2,293,229 shares during the period. Finally, Vanguard Group Inc. raised its holdings in 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 purchasing an additional 1,885,658 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 3.0 %

Shares of NASDAQ BZ opened at $19.46 on Friday. The firm has a market capitalization of $7.41 billion, a P/E ratio of 43.25 and a beta of 0.46. The firm’s 50-day moving average price is $16.75 and its 200-day moving average price is $15.21. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays increased 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 reissued a “market perform” rating and issued a $18.00 price objective on shares of Kanzhun in a research report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Kanzhun has an average 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.