Jennison Associates LLC Has $59.72 Million Stock Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Jennison Associates LLC lowered its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 6.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,115,467 shares of the company's stock after selling 214,386 shares during the period. Jennison Associates LLC owned about 0.80% of KANZHUN worth $59,724,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BZ. CoreView Capital Management Ltd increased its position in shares of KANZHUN by 23.5% during the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock valued at $42,168,000 after acquiring an additional 580,583 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of KANZHUN by 1,304.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 64,600 shares of the company's stock valued at $1,238,000 after acquiring an additional 60,000 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of KANZHUN by 3.2% in the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock worth $8,961,000 after acquiring an additional 20,100 shares during the period. Centiva Capital LP grew its stake in shares of KANZHUN by 334.4% in the fourth quarter. Centiva Capital LP now owns 111,876 shares of the company's stock worth $1,544,000 after acquiring an additional 86,120 shares during the period. Finally, Diversified Trust Co bought a new stake in shares of KANZHUN in the first quarter worth approximately $530,000. Institutional investors own 60.67% of the company's stock.

KANZHUN Trading Up 1.7%

BZ traded up $0.33 on Tuesday, hitting $19.21. 722,123 shares of the company's stock were exchanged, compared to its average volume of 4,402,052. The firm has a 50-day moving average price of $18.08 and a 200-day moving average price of $16.71. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 33.08 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81.

Analysts Set New Price Targets

Separately, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.