KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Shares Acquired by Citigroup Inc.

Key Points

• Citigroup Inc. increased its stake in KANZHUN LIMITED by 2.9%, owning approximately 4.08 million shares valued at $78.3 million.
• Institutional investors collectively hold 60.67% of KANZHUN's stock, indicating strong interest in the company.
• Analysts have raised KANZHUN's rating, with a consensus price target of $18.50 and three 'buy' ratings compared to one 'hold' rating.

Citigroup Inc. increased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,084,520 shares of the company's stock after acquiring an additional 116,280 shares during the period. Citigroup Inc. owned approximately 1.05% of KANZHUN worth $78,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BZ. Quadrant Capital Group LLC grew its position in KANZHUN by 403.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after buying an additional 1,427 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in KANZHUN in the 1st quarter valued at about $25,000. Townsquare Capital LLC acquired a new stake in KANZHUN in the 4th quarter valued at about $157,000. Tudor Investment Corp ET AL acquired a new stake in KANZHUN in the 4th quarter valued at about $160,000. Finally, Quantinno Capital Management LP acquired a new stake in KANZHUN in the 4th quarter valued at about $163,000. Institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. One investment 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 company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $18.50.

KANZHUN Price Performance

KANZHUN stock opened at $21.08 on Friday. The firm's 50 day simple moving average is $18.63 and its 200-day simple moving average is $17.26. The company has a market cap of $8.65 billion, a P/E ratio of 36.34 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 $21.31.

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.

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