Banque Cantonale Vaudoise Makes New $1.15 Million Investment in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Key Points

• Banque Cantonale Vaudoise has acquired 60,000 shares of KANZHUN LIMITED, valued at approximately $1,150,000, as part of its 1st quarter investments.
• Wall Street analysts have shown increased confidence in KANZHUN, with Daiwa America upgrading the stock from "hold" to "strong-buy," contributing to an average rating of "Buy" and a price target of $18.50.
• Institutional investors combined hold over 60% of KANZHUN's stock, reflecting substantial interest from larger financial entities.

Banque Cantonale Vaudoise purchased a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 60,000 shares of the company's stock, valued at approximately $1,150,000.

A number of other institutional investors also recently bought and sold shares of BZ. First Horizon Advisors Inc. acquired a new stake in KANZHUN in the first quarter valued at $25,000. Quadrant Capital Group LLC increased its stake in KANZHUN by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after acquiring an additional 1,427 shares during the last quarter. Townsquare Capital LLC purchased a new position in shares of KANZHUN in the 4th quarter valued at $157,000. Tudor Investment Corp ET AL purchased a new stake in shares of KANZHUN during the 4th quarter valued at about $160,000. Finally, Quantinno Capital Management LP purchased a new position in shares of KANZHUN in the fourth quarter valued at $163,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $18.50.

KANZHUN Stock Performance

Shares of KANZHUN stock traded up $0.57 on Tuesday, reaching $19.86. The stock had a trading volume of 1,756,091 shares, compared to its average volume of 4,055,903. The stock has a market cap of $8.15 billion, a P/E ratio of 34.23 and a beta of 0.41. The business's 50-day moving average price is $18.36 and its two-hundred day moving average price is $17.09. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81.

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.