KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.40.

A number of brokerages have recently commented on BZ. Zacks Research cut shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. The Goldman Sachs Group reissued a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KANZHUN in a report on Tuesday. UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, August 21st. Finally, Jefferies Financial Group raised their target price on KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th.

Hedge Funds Weigh In On KANZHUN

Several hedge funds and other institutional investors have recently made changes to their positions in BZ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in KANZHUN by 1,474.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company’s stock valued at $183,130,000 after purchasing an additional 8,946,253 shares during the last quarter. Norges Bank acquired a new stake in shares of KANZHUN in the second quarter valued at about $123,984,000. Krane Funds Advisors LLC raised its position in shares of KANZHUN by 24.7% in the third quarter. Krane Funds Advisors LLC now owns 19,291,036 shares of the company’s stock valued at $413,311,000 after buying an additional 3,819,347 shares during the last quarter. Capital International Investors lifted its stake in shares of KANZHUN by 70.3% in the third quarter. Capital International Investors now owns 8,059,160 shares of the company’s stock worth $188,262,000 after buying an additional 3,326,548 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in KANZHUN by 299.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,399,712 shares of the company’s stock worth $78,491,000 after acquiring an additional 3,298,187 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

KANZHUN Price Performance

NASDAQ:BZ opened at $21.92 on Thursday. The company’s fifty day moving average price is $22.24 and its 200-day moving average price is $20.70. KANZHUN has a 1-year low of $12.28 and a 1-year high of $25.26. The firm has a market capitalization of $9.08 billion, a P/E ratio of 28.84 and a beta of 0.42.

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.