Matthews International Capital Management LLC Has $24.06 Million Position in KANZHUN LIMITED Sponsored ADR $BZ

Matthews International Capital Management LLC raised its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,029,811 shares of the company’s stock after buying an additional 78,421 shares during the quarter. KANZHUN comprises about 5.6% of Matthews International Capital Management LLC’s portfolio, making the stock its 5th largest position. Matthews International Capital Management LLC owned about 0.25% of KANZHUN worth $24,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BZ. Canada Pension Plan Investment Board boosted its position in shares of KANZHUN by 14.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,086,200 shares of the company’s stock worth $59,162,000 after acquiring an additional 396,900 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in KANZHUN by 12.1% during the first quarter. The Manufacturers Life Insurance Company now owns 2,492,263 shares of the company’s stock worth $47,777,000 after purchasing an additional 269,349 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of KANZHUN by 207.5% in the 1st quarter. Vident Advisory LLC now owns 49,524 shares of the company’s stock valued at $949,000 after purchasing an additional 33,417 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of KANZHUN by 268.6% in the 1st quarter. Royal Bank of Canada now owns 2,227,311 shares of the company’s stock valued at $42,697,000 after purchasing an additional 1,623,117 shares in the last quarter. Finally, Hhlr Advisors LTD. bought a new position in shares of KANZHUN in the 1st quarter valued at $11,048,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays raised their price objective on KANZHUN from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, November 19th. Zacks Research downgraded shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of KANZHUN in a research report on Monday, December 22nd. Finally, Wall Street Zen raised shares of KANZHUN from a “hold” rating to a “buy” rating in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, KANZHUN currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

KANZHUN Price Performance

NASDAQ:BZ opened at $21.05 on Friday. KANZHUN LIMITED Sponsored ADR has a one year low of $12.85 and a one year high of $25.26. The company has a market cap of $8.74 billion, a PE ratio of 27.70 and a beta of 0.42. The firm’s 50 day simple moving average is $21.33 and its 200 day simple moving average is $21.19.

KANZHUN Profile

Kanzhun Ltd. (NASDAQ: BZ) operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.