Capital International Investors raised its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ – Free Report) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,845,468 shares of the company’s stock after purchasing an additional 1,786,308 shares during the period. Capital International Investors owned approximately 2.35% of KANZHUN worth $200,651,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of KANZHUN during the 4th quarter valued at $1,141,000. Prudential PLC lifted its holdings in shares of KANZHUN by 28.3% during the 4th quarter. Prudential PLC now owns 558,131 shares of the company’s stock valued at $11,375,000 after buying an additional 123,201 shares during the period. CIBC Asset Management Inc bought a new position in shares of KANZHUN during the 4th quarter valued at $202,000. Norges Bank bought a new position in shares of KANZHUN during the 4th quarter valued at $105,095,000. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of KANZHUN during the 4th quarter valued at $1,335,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on BZ. Sanford C. Bernstein raised KANZHUN from a “market perform” rating to an “outperform” rating and increased their price target for the company from $16.50 to $18.00 in a report on Friday. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen cut KANZHUN from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Barclays reduced their price objective on KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.
KANZHUN Stock Down 2.9%
Shares of BZ stock opened at $13.63 on Tuesday. The stock has a market cap of $5.73 billion, a P/E ratio of 13.36 and a beta of 0.49. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.85 and a 52 week high of $25.26. The company’s fifty day simple moving average is $13.79 and its two-hundred day simple moving average is $16.85.
Insider Buying and Selling
In related news, CEO Peng Jonathan Zhao sold 64,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $6.98, for a total transaction of $446,720.00. Following the completion of the transaction, the chief executive officer directly owned 576,000 shares of the company’s stock, valued at approximately $4,020,480. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
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.
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