GF Fund Management CO. LTD. Has $8.40 Million Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

GF Fund Management CO. LTD. trimmed its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 33.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 438,314 shares of the company's stock after selling 218,622 shares during the quarter. GF Fund Management CO. LTD. owned about 0.11% of KANZHUN worth $8,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital World Investors increased its position in KANZHUN by 636.3% in the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company's stock valued at $190,837,000 after acquiring an additional 11,950,467 shares in the last quarter. Krane Funds Advisors LLC increased its position in KANZHUN by 49.6% in the 4th quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock valued at $226,001,000 after acquiring an additional 5,432,730 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in KANZHUN by 2,547.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,313,534 shares of the company's stock valued at $101,860,000 after acquiring an additional 5,112,824 shares in the last quarter. Norges Bank acquired a new stake in KANZHUN in the 4th quarter valued at about $64,060,000. Finally, HCEP Management Ltd increased its position in KANZHUN by 200.0% in the 4th quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock valued at $41,400,000 after acquiring an additional 2,000,000 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BZ shares. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Barclays lifted their price target on shares of KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price target on shares of KANZHUN in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, KANZHUN presently has a consensus rating of "Moderate Buy" and an average price target of $18.50.

KANZHUN Trading Up 0.7%

Shares of NASDAQ:BZ traded up $0.12 during trading on Friday, hitting $17.90. 2,689,779 shares of the company's stock were exchanged, compared to its average volume of 4,472,095. KANZHUN LIMITED Sponsored ADR has a 1-year low of $10.57 and a 1-year high of $20.81. The firm has a 50-day moving average price of $17.48 and a two-hundred day moving average price of $16.32. The firm has a market cap of $6.97 billion, a P/E ratio of 30.86 and a beta of 0.41.

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.