Krane Funds Advisors LLC Has $389.89 Million Holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Krane Funds Advisors LLC grew its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 24.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,338,378 shares of the company's stock after buying an additional 3,961,488 shares during the quarter. KANZHUN accounts for approximately 11.2% of Krane Funds Advisors LLC's holdings, making the stock its 2nd largest position. Krane Funds Advisors LLC owned approximately 5.23% of KANZHUN worth $389,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP increased its stake in KANZHUN by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after buying an additional 999 shares in the last quarter. Quadrant Capital Group LLC increased its stake in KANZHUN by 403.1% in the 4th 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in KANZHUN by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after buying an additional 1,542 shares in the last quarter. Swiss National Bank increased its stake in KANZHUN by 0.3% in the 4th quarter. Swiss National Bank now owns 600,966 shares of the company's stock worth $8,293,000 after buying an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in KANZHUN by 9.3% in the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock worth $334,000 after buying an additional 2,066 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

KANZHUN Trading Up 0.7%

Shares of NASDAQ:BZ traded up $0.12 during trading on Friday, reaching $17.90. The company's stock had a trading volume of 2,689,779 shares, compared to its average volume of 4,472,095. KANZHUN LIMITED Sponsored ADR has a 12 month low of $10.57 and a 12 month high of $20.81. The firm's 50 day simple moving average is $17.48 and its two-hundred day simple moving average is $16.32. The stock has a market capitalization of $6.97 billion, a PE ratio of 30.86 and a beta of 0.41.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BZ. 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. Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price objective on shares of KANZHUN in a research report on Wednesday, March 12th. Finally, Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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.