Allspring Global Investments Holdings LLC Lowers Stock Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Allspring Global Investments Holdings LLC decreased its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,915,834 shares of the company's stock after selling 152,721 shares during the period. Allspring Global Investments Holdings LLC owned 0.76% of KANZHUN worth $55,576,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC boosted its stake in shares of KANZHUN by 49.6% during the 4th quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock worth $226,001,000 after purchasing an additional 5,432,730 shares during the period. Schroder Investment Management Group lifted its stake in KANZHUN by 7.1% in the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock worth $204,774,000 after purchasing an additional 986,213 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of KANZHUN by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock valued at $198,687,000 after buying an additional 1,885,658 shares during the period. Capital World Investors grew its stake in shares of KANZHUN by 636.3% during the fourth quarter. Capital World Investors now owns 13,828,732 shares of the company's stock valued at $190,837,000 after buying an additional 11,950,467 shares during the last quarter. Finally, WFM ASIA BVI Ltd raised its holdings in shares of KANZHUN by 30.7% in the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock worth $109,121,000 after buying an additional 1,855,500 shares during the period. 60.67% of the stock is owned by institutional investors.

KANZHUN Stock Performance

BZ traded up $0.12 during trading on Thursday, hitting $17.90. 2,689,779 shares of the stock were exchanged, compared to its average volume of 4,456,880. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $20.81. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 30.86 and a beta of 0.41. The firm has a 50 day simple moving average of $17.34 and a 200 day simple moving average of $16.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays boosted their price objective on KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 price target on shares of KANZHUN in a research note on Wednesday, March 12th. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.50.

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.