KANZHUN LIMITED Sponsored ADR $BZ Shares Sold by Capital World Investors

Capital World Investors lessened its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZFree Report) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,990,431 shares of the company’s stock after selling 6,080,560 shares during the period. Capital World Investors owned about 6.69% of KANZHUN worth $570,445,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital International Sarl increased its stake in shares of KANZHUN by 4.9% in the fourth quarter. Capital International Sarl now owns 205,512 shares of the company’s stock worth $4,188,000 after buying an additional 9,585 shares during the last quarter. Capital International Inc. CA increased its stake in shares of KANZHUN by 5.7% in the fourth quarter. Capital International Inc. CA now owns 2,648,591 shares of the company’s stock worth $53,978,000 after buying an additional 143,515 shares during the last quarter. Capital International Investors increased its stake in shares of KANZHUN by 22.2% in the fourth quarter. Capital International Investors now owns 9,845,468 shares of the company’s stock worth $200,651,000 after buying an additional 1,786,308 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of KANZHUN in the fourth quarter worth $1,141,000. Finally, Prudential PLC increased its stake in shares of KANZHUN by 28.3% in the fourth quarter. Prudential PLC now owns 558,131 shares of the company’s stock worth $11,375,000 after buying an additional 123,201 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Peng Jonathan Zhao sold 64,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were 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 owned 576,000 shares of the company’s stock, valued at approximately $4,020,480. The trade was a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

A number of analysts recently issued reports on BZ shares. Wall Street Zen lowered shares of KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Sanford C. Bernstein upgraded shares of KANZHUN from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $16.50 to $18.00 in a research note on Friday. Finally, Barclays dropped their price target on shares of 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.75.

Read Our Latest Stock Report on KANZHUN

KANZHUN Price Performance

BZ stock opened at $14.03 on Monday. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.85 and a 1-year high of $25.26. The firm has a fifty day moving average price of $13.78 and a two-hundred day moving average price of $16.90. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 13.76 and a beta of 0.49.

About KANZHUN

(Free Report)

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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Institutional Ownership by Quarter for KANZHUN (NASDAQ:BZ)

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