Thornburg Investment Management Inc. Has $45.24 Million Stock Holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Key Points

• Thornburg Investment Management Inc. has reduced its stake in KANZHUN LIMITED by 35.3%, selling 1,288,515 shares and retaining ownership of 2,360,107 shares valued at approximately $45.2 million.
• Institutional investors collectively own 60.67% of KANZHUN's stock, indicating strong institutional interest in the company.
• The stock has seen a price fluctuation with a 52-week low of $10.57 and a high of $20.81, currently trading around $19.83.

Thornburg Investment Management Inc. cut its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 35.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,360,107 shares of the company's stock after selling 1,288,515 shares during the quarter. Thornburg Investment Management Inc. owned 0.61% of KANZHUN worth $45,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. XTX Topco Ltd increased its position in KANZHUN by 185.2% during the first quarter. XTX Topco Ltd now owns 94,175 shares of the company's stock worth $1,805,000 after buying an additional 61,155 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in KANZHUN during the 1st quarter valued at $1,150,000. Trivest Advisors Ltd bought a new position in KANZHUN during the first quarter valued at about $3,911,000. Federated Hermes Inc. lifted its position in KANZHUN by 22.9% in the first quarter. Federated Hermes Inc. now owns 2,617,012 shares of the company's stock worth $50,168,000 after purchasing an additional 487,052 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in KANZHUN in the first quarter valued at about $1,607,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Daiwa America upgraded 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $18.50.

KANZHUN Trading Down 1.0%

NASDAQ:BZ traded down $0.19 on Thursday, hitting $18.96. The company's stock had a trading volume of 3,370,256 shares, compared to its average volume of 2,698,711. The firm has a market capitalization of $7.78 billion, a P/E ratio of 32.69 and a beta of 0.41. The stock has a fifty day moving average of $18.30 and a two-hundred day moving average of $16.97. KANZHUN LIMITED Sponsored ADR has a one year low of $10.57 and a one year high of $20.81.

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.