Pictet Asset Management Holding SA Lowers Stake in KANZHUN LIMITED Sponsored ADR $BZ

Pictet Asset Management Holding SA cut its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 431,196 shares of the company’s stock after selling 42,746 shares during the quarter. Pictet Asset Management Holding SA owned about 0.10% of KANZHUN worth $5,774,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kestra Advisory Services LLC purchased a new position in shares of KANZHUN during the fourth quarter worth about $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in KANZHUN during the 1st quarter valued at approximately $27,000. Larson Financial Group LLC lifted its position in KANZHUN by 93.1% during the 4th quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock worth $34,000 after acquiring an additional 815 shares during the period. Leonteq Securities AG acquired a new stake in KANZHUN during the 4th quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC acquired a new stake in KANZHUN during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

KANZHUN Stock Performance

Shares of BZ opened at $13.00 on Friday. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.57 and a twelve month high of $25.26. The stock’s 50 day moving average is $13.70 and its two-hundred day moving average is $15.82. The firm has a market capitalization of $5.33 billion, a PE ratio of 12.75 and a beta of 0.50.

Analyst Upgrades and Downgrades

BZ has been the topic of a number of recent research reports. Sanford C. Bernstein raised KANZHUN from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $16.50 to $18.00 in a report on Friday, June 5th. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of KANZHUN from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Finally, Barclays lowered their price objective on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.75.

About KANZHUN

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.