52,823 Shares in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Acquired by AlpInvest Partners B.V.

Key Points

• AlpInvest Partners B.V. recently acquired 52,823 shares in KANZHUN LIMITED, valued at approximately $1,013,000, making it the firm's 8th largest holding.
• Several institutional investors have increased their positions in KANZHUN, with 60.67% of the stock now owned by such entities.
• Daiwa America upgraded KANZHUN from a "hold" to a "strong-buy" rating, contributing to a consensus "Buy" rating among analysts with a price target of $18.50.

AlpInvest Partners B.V. acquired a new stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 52,823 shares of the company's stock, valued at approximately $1,013,000. KANZHUN comprises approximately 1.5% of AlpInvest Partners B.V.'s holdings, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in BZ. First Trust Advisors LP increased its stake in shares of KANZHUN by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock valued at $192,000 after acquiring an additional 999 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in KANZHUN during the first quarter valued at approximately $25,000. Quadrant Capital Group LLC raised its holdings in KANZHUN by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after purchasing an additional 1,427 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of KANZHUN by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 45,585 shares of the company's stock valued at $874,000 after buying an additional 3,322 shares during the period. Finally, IFM Investors Pty Ltd lifted its holdings in KANZHUN by 37.9% during the first quarter. IFM Investors Pty Ltd now owns 14,833 shares of the company's stock worth $284,000 after acquiring an additional 4,075 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

KANZHUN Trading Up 1.5%

Shares of BZ stock opened at $20.11 on Thursday. The firm's fifty day moving average price is $18.50 and its two-hundred day moving average price is $17.16. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $20.81. The firm has a market capitalization of $8.25 billion, a P/E ratio of 34.67 and a beta of 0.41.

Analysts Set New Price Targets

Separately, Daiwa America raised 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $18.50.

About KANZHUN

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.

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