Federated Hermes Inc. Sells 161,726 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Federated Hermes Inc. lessened its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,455,286 shares of the company’s stock after selling 161,726 shares during the period. Federated Hermes Inc. owned 0.60% of KANZHUN worth $43,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BZ. Schroder Investment Management Group boosted its holdings in shares of KANZHUN by 15.8% in the 2nd quarter. Schroder Investment Management Group now owns 18,258,321 shares of the company’s stock valued at $325,728,000 after buying an additional 2,486,499 shares in the last quarter. Vanguard Group Inc. lifted its position in KANZHUN by 2.9% during the first quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company’s stock valued at $284,133,000 after acquiring an additional 424,153 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in KANZHUN by 1,474.7% in the first 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 acquiring an additional 8,946,253 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in KANZHUN by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 9,455,233 shares of the company’s stock valued at $168,681,000 after acquiring an additional 801,373 shares in the last quarter. Finally, WFM ASIA BVI Ltd grew its holdings in KANZHUN by 9.5% in the first quarter. WFM ASIA BVI Ltd now owns 8,658,500 shares of the company’s stock worth $165,983,000 after purchasing an additional 751,200 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

KANZHUN Stock Down 1.7%

Shares of NASDAQ:BZ opened at $21.41 on Tuesday. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.85 and a 52-week high of $25.26. The stock has a market cap of $8.87 billion, a price-to-earnings ratio of 28.17 and a beta of 0.42. The business has a 50-day moving average price of $21.94 and a 200-day moving average price of $20.93.

Analysts Set New Price Targets

BZ has been the subject of several analyst reports. Barclays increased their price objective on KANZHUN from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. Zacks Research cut KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Wall Street Zen upgraded shares of KANZHUN from a “hold” rating to a “buy” rating in a report on Sunday. Jefferies Financial Group increased their price objective on shares of KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.00.

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.