Bank of New York Mellon Corp Sells 31,464 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Bank of New York Mellon Corp trimmed its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,012,811 shares of the company's stock after selling 31,464 shares during the period. Bank of New York Mellon Corp owned approximately 0.26% of KANZHUN worth $19,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. First Trust Advisors LP raised its stake in KANZHUN by 7.7% during the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock valued at $192,000 after buying an additional 999 shares during the last quarter. First Horizon Advisors Inc. bought a new position in KANZHUN in the first quarter valued at about $25,000. Quadrant Capital Group LLC boosted its position 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 last quarter. PNC Financial Services Group Inc. boosted its position in KANZHUN by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of KANZHUN by 0.3% during the 4th quarter. Swiss National Bank now owns 600,966 shares of the company's stock valued at $8,293,000 after purchasing an additional 1,900 shares during the period. Institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

Separately, Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, KANZHUN presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

KANZHUN Price Performance

NASDAQ:BZ opened at $19.00 on Friday. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 32.76 and a beta of 0.41. The business has a 50 day simple moving average of $18.06 and a 200-day simple moving average of $16.63. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $20.81.

KANZHUN Company Profile

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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