China Universal Asset Management Co. Ltd. Buys 60,000 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

China Universal Asset Management Co. Ltd. boosted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 1,304.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,600 shares of the company's stock after purchasing an additional 60,000 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in KANZHUN were worth $1,238,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Krane Funds Advisors LLC grew its position in shares of KANZHUN by 24.2% during the 1st quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock valued at $389,887,000 after acquiring an additional 3,961,488 shares during the period. Schroder Investment Management Group boosted its holdings in shares of KANZHUN by 7.1% during the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock valued at $204,774,000 after purchasing an additional 986,213 shares during the last quarter. Vanguard Group Inc. raised its position in shares of KANZHUN by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock valued at $198,687,000 after buying an additional 1,885,658 shares in the last quarter. Capital World Investors raised its position in shares of KANZHUN by 636.3% during the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company's stock valued at $190,837,000 after buying an additional 11,950,467 shares in the last quarter. Finally, WFM ASIA BVI Ltd raised its position in KANZHUN by 30.7% in the 4th quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock worth $109,121,000 after purchasing an additional 1,855,500 shares during the period. Institutional investors own 60.67% of the company's stock.

KANZHUN Stock Down 0.8%

Shares of NASDAQ BZ opened at $17.81 on Tuesday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 30.71 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 52-week low of $10.57 and a 52-week high of $20.81. The company's 50-day simple moving average is $17.54 and its 200-day simple moving average is $16.36.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BZ shares. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Barclays upped their target price on shares of KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, Sanford C. Bernstein restated a "market perform" rating and issued a $18.00 target price on shares of KANZHUN in a research note on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.50.

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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