Capital Today Evergreen Fund L.P. Takes $923.64 Million Position in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Capital Today Evergreen Fund acquired 71,767 KANZHUN shares worth approximately $923.6 million, making BZ its third-largest holding at 0.7% of the portfolio.
• Institutional ownership remains substantial at 60.67%, with several major investors—including WCM Investment Management, Bank of America and Renaissance Technologies—increasing their positions.
• Analyst sentiment is moderately positive: BZ has a consensus “Moderate Buy” rating and an average price target of $21.20, compared with its reported trading price of $15.80.

Capital Today Evergreen Fund L.P. bought a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 71,767 shares of the company's stock, valued at approximately $923,641,000. KANZHUN comprises 0.7% of Capital Today Evergreen Fund L.P.'s portfolio, making the stock its 3rd largest position.

Several other large investors have also made changes to their positions in BZ. WCM Investment Management LLC lifted its holdings in shares of KANZHUN by 374.7% during the first quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company's stock worth $20,408,000 after buying an additional 1,207,553 shares during the last quarter. Vanguard Group Inc. increased its position in 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 acquiring an additional 194,820 shares during the period. Bank of America Corp DE increased its position in KANZHUN by 38.5% during the first quarter. Bank of America Corp DE now owns 6,083,025 shares of the company's stock worth $81,452,000 after acquiring an additional 1,690,275 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KANZHUN by 217.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 286,787 shares of the company's stock valued at $5,845,000 after purchasing an additional 196,332 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in KANZHUN by 43.3% in the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company's stock valued at $76,305,000 after purchasing an additional 1,722,700 shares during the period. Institutional investors and hedge funds own 60.67% of the company's stock.

KANZHUN Trading Up 1.6%

NASDAQ BZ opened at $15.80 on Wednesday. The stock's 50 day moving average is $14.71 and its two-hundred day moving average is $14.78. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 15.49 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.

Analysts Set New Price Targets

BZ has been the topic of several research analyst reports. Bank of America started coverage on shares of KANZHUN in a research report on Tuesday. They issued a "neutral" rating and a $19.00 price target 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. Weiss Ratings upgraded KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Finally, Sanford C. Bernstein raised KANZHUN from a "market perform" rating to an "outperform" rating and upped their price target for the company from $16.50 to $18.00 in a report on Friday, June 5th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.20.

About KANZHUN

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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