DekaBank Deutsche Girozentrale Sells 33,750 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

DekaBank Deutsche Girozentrale trimmed its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 51.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,066 shares of the company's stock after selling 33,750 shares during the period. DekaBank Deutsche Girozentrale's holdings in KANZHUN were worth $603,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of KANZHUN by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,816 shares of the company's stock valued at $5,849,000 after buying an additional 53,225 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of KANZHUN by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after buying an additional 1,542 shares during the period. Swiss National Bank lifted its stake in shares of KANZHUN by 0.3% in the fourth quarter. Swiss National Bank now owns 600,966 shares of the company's stock valued at $8,293,000 after buying an additional 1,900 shares during the period. LBP AM SA lifted its stake in shares of KANZHUN by 38.6% in the fourth quarter. LBP AM SA now owns 191,988 shares of the company's stock valued at $2,649,000 after buying an additional 53,433 shares during the period. Finally, OPTIMAS CAPITAL Ltd bought a new stake in shares of KANZHUN in the fourth quarter valued at about $952,000. 60.67% of the stock is currently owned by 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. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $18.50.

KANZHUN Stock Performance

Shares of BZ stock opened at $18.52 on Monday. KANZHUN LIMITED Sponsored ADR has a 52-week low of $10.57 and a 52-week high of $20.81. The stock has a market cap of $7.23 billion, a PE ratio of 31.93 and a beta of 0.41. The firm's 50 day moving average price is $17.79 and its two-hundred day moving average price is $16.50.

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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