KANZHUN LIMITED Sponsored ADR $BZ Stock Holdings Decreased by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company cut its KANZHUN stake by 89.3% in the first quarter, selling 436,570 shares and retaining 52,059 shares worth approximately $697,000.
• Other major investors, including WCM Investment Management, Renaissance Technologies, LBP AM, and Zurcher Kantonalbank, increased their positions; institutional investors collectively own 60.67% of KANZHUN.
• KANZHUN shares opened at $15.42, while analysts maintain a “Moderate Buy” consensus with an average price target of $21.75; Bernstein upgraded the stock to “outperform” and raised its target to $18.

The Manufacturers Life Insurance Company trimmed its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 89.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,059 shares of the company's stock after selling 436,570 shares during the period. The Manufacturers Life Insurance Company's holdings in KANZHUN were worth $697,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BZ. WCM Investment Management LLC grew its position in KANZHUN by 374.7% during the first quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company's stock valued at $20,408,000 after purchasing an additional 1,207,553 shares in the last quarter. Vanguard Group Inc. increased its holdings in KANZHUN by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 13,340,529 shares of the company's stock worth $271,880,000 after buying an additional 194,820 shares during the last quarter. LBP AM SA raised its holdings in shares of KANZHUN by 215.3% during the 4th quarter. LBP AM SA now owns 262,547 shares of the company's stock valued at $5,351,000 after purchasing an additional 179,272 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in KANZHUN by 217.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 286,787 shares of the company's stock valued at $5,845,000 after buying an additional 196,332 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of KANZHUN by 43.3% in the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company's stock valued at $76,305,000 after acquiring an additional 1,722,700 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

KANZHUN Stock Down 4.2%

KANZHUN stock opened at $15.42 on Friday. KANZHUN LIMITED Sponsored ADR has a 12-month low of $12.57 and a 12-month high of $25.26. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.12 and a beta of 0.48. The stock has a 50-day simple moving average of $14.60 and a 200 day simple moving average of $14.85.

Analysts Set New Price Targets

BZ has been the topic of several recent analyst reports. Zacks Research upgraded shares of KANZHUN from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 20th. Weiss Ratings upgraded KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Finally, Sanford C. Bernstein raised shares of KANZHUN from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, KANZHUN currently has a consensus rating of "Moderate Buy" and an average target price of $21.75.

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.

Want to see what other hedge funds are holding BZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report).

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