Ativo Capital Management LLC Makes New $2.33 Million Investment in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Ativo Capital Management purchased a new position of 114,420 shares in KANZHUN valued at approximately $2.33 million, representing about 2.0% of its portfolio and the stock's ninth-largest holding.
• Several large institutions — including Vanguard, UBS and Zurcher Kantonalbank — also increased positions, and institutional investors now own about 60.67% of the stock.
• CEO Peng Jonathan Zhao sold 64,000 shares (a 10% reduction) and analysts have trimmed ratings and targets (Barclays cut its target to $19), leaving a consensus rating of "Moderate Buy" with an average target of $23.

Ativo Capital Management LLC purchased a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 114,420 shares of the company's stock, valued at approximately $2,332,000. KANZHUN makes up about 2.0% of Ativo Capital Management LLC's investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its position in shares of KANZHUN by 27.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 25,777 shares of the company's stock worth $525,000 after purchasing an additional 5,586 shares in the last quarter. UBS Group AG boosted its position in shares of KANZHUN by 2.8% during the fourth quarter. UBS Group AG now owns 1,265,128 shares of the company's stock worth $25,783,000 after purchasing an additional 34,689 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of KANZHUN by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,340,529 shares of the company's stock worth $271,880,000 after purchasing an additional 194,820 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of KANZHUN by 13.4% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 102,400 shares of the company's stock worth $2,086,000 after purchasing an additional 12,090 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of KANZHUN by 217.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 286,787 shares of the company's stock worth $5,845,000 after purchasing an additional 196,332 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays reduced their price target on shares of KANZHUN from $28.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, March 20th. Zacks Research cut shares of KANZHUN from a "hold" rating to a "strong sell" rating in a research report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of KANZHUN from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.00.

Insider Buying and Selling

In related news, CEO Peng Jonathan Zhao sold 64,000 shares of the business's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $6.98, for a total value of $446,720.00. Following the sale, the chief executive officer directly owned 576,000 shares of the company's stock, valued at approximately $4,020,480. The trade was a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company's stock.

KANZHUN Stock Performance

BZ opened at $13.65 on Monday. The stock has a market capitalization of $5.74 billion, a P/E ratio of 16.45 and a beta of 0.49. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.85 and a 12 month high of $25.26. The firm's fifty day simple moving average is $14.25 and its 200 day simple moving average is $18.19.

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.

Want to see what other hedge funds are holding BZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.