J. Safra Sarasin Holding AG Has $1.44 Million Holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Key Points

• J. Safra Sarasin Holding AG significantly increased its stake in KANZHUN LIMITED by 475.6% in the first quarter, now holding 75,215 shares worth approximately $1.44 million.
• Other institutional investors, including Capital World Investors and Mirae Asset Global Investments, also markedly increased their holdings in KANZHUN, contributing to institutional ownership of approximately 60.67% of the stock.
• Daiwa America upgraded KANZHUN's stock rating from "hold" to "strong-buy", with an average price target of $18.50, reflecting positive sentiment among analysts.

J. Safra Sarasin Holding AG raised its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 475.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,215 shares of the company's stock after acquiring an additional 62,148 shares during the period. J. Safra Sarasin Holding AG's holdings in KANZHUN were worth $1,442,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC grew its position in KANZHUN by 24.2% during the 1st quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock worth $389,887,000 after acquiring an additional 3,961,488 shares during the last quarter. Vanguard Group Inc. grew its position in KANZHUN by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after acquiring an additional 1,885,658 shares during the last quarter. Capital World Investors grew its position in KANZHUN by 636.3% during the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company's stock worth $190,837,000 after acquiring an additional 11,950,467 shares during the last quarter. Bank of America Corp DE grew its position in KANZHUN by 44.8% during the 4th quarter. Bank of America Corp DE now owns 5,612,727 shares of the company's stock worth $77,456,000 after acquiring an additional 1,737,071 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in KANZHUN by 2,547.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,313,534 shares of the company's stock worth $101,860,000 after acquiring an additional 5,112,824 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Analyst Upgrades and Downgrades

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

KANZHUN Price Performance

Shares of BZ stock traded up $0.53 during trading hours on Tuesday, reaching $19.82. The company had a trading volume of 4,871,370 shares, compared to its average volume of 2,722,136. The company has a 50 day moving average of $18.44 and a 200 day moving average of $17.14. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 34.17 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 1-year low of $10.57 and a 1-year 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.