E Fund Management Hong Kong Co. Ltd. Lowers Stock Holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

E Fund Management Hong Kong Co. Ltd. reduced its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 30.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,133 shares of the company's stock after selling 47,979 shares during the quarter. KANZHUN accounts for about 1.8% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 11th largest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in KANZHUN were worth $2,054,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BZ. Asset Management One Co. Ltd. boosted its stake in shares of KANZHUN by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 45,585 shares of the company's stock valued at $874,000 after purchasing an additional 3,322 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in KANZHUN by 42.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 20,872 shares of the company's stock worth $400,000 after purchasing an additional 6,192 shares during the last quarter. GAM Holding AG purchased a new stake in KANZHUN during the first quarter valued at about $2,396,000. UG Investment Advisers Ltd. bought a new position in shares of KANZHUN during the first quarter valued at about $9,001,000. Finally, Matthews International Capital Management LLC increased its holdings in shares of KANZHUN by 26.7% in the first quarter. Matthews International Capital Management LLC now owns 1,074,442 shares of the company's stock worth $20,597,000 after buying an additional 226,152 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BZ. Barclays raised their target price on shares of KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price target on shares of KANZHUN in a report on Wednesday, March 12th. 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

KANZHUN Price Performance

BZ stock opened at $17.68 on Tuesday. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $20.81. The firm has a 50-day moving average of $16.82 and a 200 day moving average of $16.11. The company has a market cap of $6.88 billion, a P/E ratio of 30.48 and a beta of 0.39.

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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