Assenagon Asset Management S.A. decreased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,518,671 shares of the company's stock after selling 643,677 shares during the quarter. Assenagon Asset Management S.A. owned about 0.86% of KANZHUN worth $45,285,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in KANZHUN in the 1st quarter valued at $27,000. Parallel Advisors LLC grew its stake in shares of KANZHUN by 5,732.4% in the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company's stock valued at $29,000 after acquiring an additional 2,121 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of KANZHUN in the fourth quarter valued at about $29,000. Larson Financial Group LLC increased its position in KANZHUN by 93.1% during the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company's stock worth $34,000 after acquiring an additional 815 shares during the period. Finally, Leonteq Securities AG bought a new position in KANZHUN during the fourth quarter worth about $41,000. Institutional investors own 60.67% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Zacks Research upgraded shares of KANZHUN from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Sanford C. Bernstein raised shares of KANZHUN from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $16.50 to $18.00 in a report on Friday, June 5th. Finally, Weiss Ratings upgraded shares of KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.75.
Get Our Latest Report on BZ
KANZHUN Price Performance
KANZHUN stock opened at $16.47 on Friday. The business has a 50 day moving average of $14.42 and a 200-day moving average of $14.95. The company has a market capitalization of $6.76 billion, a P/E ratio of 16.15 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.57 and a 1 year high of $25.26.
About KANZHUN
(
Free Report)
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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