Assenagon Asset Management S.A. Increases Stake in KANZHUN LIMITED Sponsored ADR $BZ

Assenagon Asset Management S.A. increased its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 35.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,162,348 shares of the company’s stock after purchasing an additional 1,086,172 shares during the quarter. Assenagon Asset Management S.A. owned 0.99% of KANZHUN worth $55,734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of KANZHUN during the first quarter valued at about $27,000. Kestra Advisory Services LLC bought a new stake in shares of KANZHUN in the 4th quarter valued at about $29,000. Larson Financial Group LLC boosted its holdings in KANZHUN by 93.1% during the 4th quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after acquiring an additional 815 shares during the period. Leonteq Securities AG bought a new position in KANZHUN during the 4th quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC bought a new position in KANZHUN during the 4th quarter worth approximately $53,000. 60.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

KANZHUN Stock Performance

NASDAQ BZ opened at $12.65 on Friday. The stock has a market cap of $5.32 billion, a P/E ratio of 12.40 and a beta of 0.49. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.61 and a fifty-two week high of $25.26. The stock has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $16.11.

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.