KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Stake Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of 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 (SEC). The fund owned 2,915,834 shares of the company's stock after selling 152,721 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.76% of KANZHUN worth $55,576,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BZ. CoreView Capital Management Ltd grew its stake in shares of KANZHUN by 23.5% in the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock worth $42,168,000 after purchasing an additional 580,583 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of KANZHUN by 3.2% in the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock worth $8,961,000 after purchasing an additional 20,100 shares in the last quarter. Centiva Capital LP grew its stake in shares of KANZHUN by 334.4% in the fourth quarter. Centiva Capital LP now owns 111,876 shares of the company's stock worth $1,544,000 after purchasing an additional 86,120 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of KANZHUN in the fourth quarter worth $9,066,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of KANZHUN by 14.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,816 shares of the company's stock worth $5,849,000 after purchasing an additional 53,225 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BZ has been the subject of several recent analyst reports. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Barclays increased their price target on KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, Sanford C. Bernstein reissued 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 issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.50.

KANZHUN Stock Up 2.8%

Shares of BZ stock opened at $18.12 on Monday. The stock has a 50-day simple moving average of $17.12 and a 200 day simple moving average of $16.20. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81. The stock has a market capitalization of $7.06 billion, a P/E ratio of 31.24 and a beta of 0.39.

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.

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