Artisan Partners Limited Partnership lowered its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ – Free Report) by 18.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,650,905 shares of the company’s stock after selling 1,035,983 shares during the quarter. Artisan Partners Limited Partnership owned approximately 1.12% of KANZHUN worth $108,645,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in BZ. Norges Bank acquired a new position in KANZHUN during the 2nd quarter worth $123,984,000. Krane Funds Advisors LLC lifted its position in shares of KANZHUN by 24.7% during the third quarter. Krane Funds Advisors LLC now owns 19,291,036 shares of the company’s stock worth $413,311,000 after purchasing an additional 3,819,347 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in KANZHUN by 299.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,399,712 shares of the company’s stock worth $78,491,000 after purchasing an additional 3,298,187 shares in the last quarter. Serenity Capital Management PTE. LTD. increased its holdings in KANZHUN by 236.2% in the second quarter. Serenity Capital Management PTE. LTD. now owns 4,035,348 shares of the company’s stock valued at $71,991,000 after buying an additional 2,835,149 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in KANZHUN by 119.1% during the second quarter. Acadian Asset Management LLC now owns 5,160,051 shares of the company’s stock valued at $92,021,000 after buying an additional 2,804,557 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on BZ shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of KANZHUN in a research report on Monday, December 29th. Zacks Research downgraded shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen lowered shares of KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Barclays raised their price target on shares of KANZHUN from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.00.
KANZHUN Price Performance
Shares of BZ opened at $16.08 on Friday. KANZHUN LIMITED Sponsored ADR has a 12 month low of $13.28 and a 12 month high of $25.26. The stock has a fifty day moving average price of $18.86 and a 200 day moving average price of $21.13. The company has a market cap of $6.72 billion, a P/E ratio of 21.16 and a beta of 0.43.
KANZHUN Company 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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