Assenagon Asset Management S.A. Makes New $62.69 Million Investment in KANZHUN LIMITED Sponsored ADR $BZ

Assenagon Asset Management S.A. purchased a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,076,176 shares of the company’s stock, valued at approximately $62,692,000. Assenagon Asset Management S.A. owned 0.74% of KANZHUN as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. AQR Capital Management LLC purchased a new stake in KANZHUN during the first quarter worth about $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in KANZHUN during the 1st quarter worth approximately $27,000. Millennium Management LLC boosted its position in KANZHUN by 85.3% in the 1st quarter. Millennium Management LLC now owns 942,035 shares of the company’s stock valued at $18,059,000 after buying an additional 433,705 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of KANZHUN by 39.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock worth $75,000 after acquiring an additional 1,185 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of KANZHUN by 10.4% in the second quarter. Swiss National Bank now owns 661,666 shares of the company’s stock worth $11,804,000 after acquiring an additional 62,300 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BZ has been the topic of several analyst reports. Wall Street Zen cut KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays lowered their target price on KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of KANZHUN in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, KANZHUN has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Insider Buying and Selling at KANZHUN

In related news, CEO Peng Jonathan Zhao sold 64,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $6.98, for a total transaction of $446,720.00. Following the completion of the sale, the chief executive officer owned 576,000 shares in the company, valued at $4,020,480. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

KANZHUN Stock Performance

NASDAQ:BZ opened at $13.26 on Wednesday. The stock has a 50-day simple moving average of $16.88 and a 200-day simple moving average of $20.12. The stock has a market cap of $5.55 billion, a P/E ratio of 15.98 and a beta of 0.45. KANZHUN LIMITED Sponsored ADR has a 1 year low of $13.06 and a 1 year high of $25.26.

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.