Jennison Associates LLC Cuts Stake in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Jennison Associates cut its stake in KANZHUN by 29.3% in Q4, selling 785,390 shares and now holds 1,891,265 shares worth about $38.54 million (≈0.45% of the company).
• CEO Peng Jonathan Zhao sold 64,000 shares on March 18 (a 10% reduction), leaving him with 576,000 shares; company insiders own 5.60% of the stock.
• Analyst views are mixed — the consensus is a "Moderate Buy" with a $23 price target, but recent downgrades include Zacks to "strong sell" and Barclays cutting its target to $19; shares trade near $13.65 with a $5.74 billion market cap.

Jennison Associates LLC lowered its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,891,265 shares of the company's stock after selling 785,390 shares during the quarter. Jennison Associates LLC owned 0.45% of KANZHUN worth $38,544,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. First Horizon Corp purchased a new position in KANZHUN during the 3rd quarter worth $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in KANZHUN during the 1st quarter worth $27,000. Hantz Financial Services Inc. raised its position in KANZHUN by 194.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,288 shares of the company's stock worth $77,000 after buying an additional 2,170 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of KANZHUN by 52.5% in the 2nd quarter. Osaic Holdings Inc. now owns 5,203 shares of the company's stock valued at $93,000 after purchasing an additional 1,792 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of KANZHUN by 25.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,290 shares of the company's stock valued at $124,000 after purchasing an additional 1,079 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

KANZHUN Trading Up 1.0%

Shares of NASDAQ BZ opened at $13.65 on Friday. The company's 50-day moving average price is $14.25 and its 200 day moving average price is $18.25. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.85 and a 52 week high of $25.26. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 16.45 and a beta of 0.49.

Insiders Place Their Bets

In other KANZHUN news, CEO Peng Jonathan Zhao sold 64,000 shares of the firm's stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $6.98, for a total transaction of $446,720.00. Following the completion of the transaction, the chief executive officer directly owned 576,000 shares in the company, valued at approximately $4,020,480. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BZ shares. Wall Street Zen downgraded shares of KANZHUN from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Zacks Research downgraded shares of KANZHUN from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 21st. Finally, Barclays cut their price target on shares of KANZHUN from $28.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

KANZHUN Company Profile

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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