Federated Hermes Inc. Has $50.17 Million Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Federated Hermes Inc. increased its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 22.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,617,012 shares of the company's stock after purchasing an additional 487,052 shares during the quarter. Federated Hermes Inc. owned approximately 0.67% of KANZHUN worth $50,168,000 as of its most recent filing with the Securities and Exchange Commission.

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

KANZHUN Stock Performance

NASDAQ:BZ traded down $0.30 during mid-day trading on Friday, hitting $18.66. 2,787,645 shares of the stock were exchanged, compared to its average volume of 2,732,736. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 32.17 and a beta of 0.41. The firm's 50-day simple moving average is $18.36 and its 200 day simple moving average is $17.04. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81.

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 research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $18.50.

KANZHUN 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.