KANZHUN LIMITED Sponsored ADR $BZ Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 2.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,821,755 shares of the company’s stock after purchasing an additional 424,153 shares during the period. Vanguard Group Inc. owned about 3.81% of KANZHUN worth $284,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in KANZHUN by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company’s stock worth $192,000 after purchasing an additional 999 shares during the period. First Horizon Advisors Inc. acquired a new position in KANZHUN in the 1st quarter worth approximately $25,000. Asset Management One Co. Ltd. boosted its stake in KANZHUN by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 45,585 shares of the company’s stock worth $874,000 after purchasing an additional 3,322 shares during the period. IFM Investors Pty Ltd boosted its stake in shares of KANZHUN by 37.9% during the 1st quarter. IFM Investors Pty Ltd now owns 14,833 shares of the company’s stock valued at $284,000 after buying an additional 4,075 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of KANZHUN by 38.6% during the 4th quarter. Voya Investment Management LLC now owns 19,031 shares of the company’s stock valued at $263,000 after buying an additional 5,302 shares during the period. Institutional investors and hedge funds own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Daiwa America raised shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $18.50.

KANZHUN Stock Up 0.2%

Shares of NASDAQ:BZ opened at $21.37 on Monday. The firm has a fifty day moving average of $18.98 and a two-hundred day moving average of $17.51. The firm has a market capitalization of $8.77 billion, a P/E ratio of 36.84 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 12-month low of $10.57 and a 12-month high of $22.67.

KANZHUN Profile

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.