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

Krane Funds Advisors LLC increased 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 disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,338,378 shares of the company's stock after purchasing an additional 3,961,488 shares during the quarter. KANZHUN accounts for about 11.2% of Krane Funds Advisors LLC's investment portfolio, making the stock its 2nd largest holding. Krane Funds Advisors LLC owned about 5.23% of KANZHUN worth $389,887,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. CoreView Capital Management Ltd lifted its holdings in shares of KANZHUN by 23.5% in the 4th 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 during the last quarter. Nuveen Asset Management LLC lifted its stake in KANZHUN by 3.2% in the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock valued at $8,961,000 after buying an additional 20,100 shares during the last quarter. Centiva Capital LP boosted its holdings in shares of KANZHUN by 334.4% during the fourth quarter. Centiva Capital LP now owns 111,876 shares of the company's stock valued at $1,544,000 after acquiring an additional 86,120 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of KANZHUN during the fourth quarter worth about $9,066,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of KANZHUN by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,816 shares of the company's stock worth $5,849,000 after acquiring an additional 53,225 shares during the last quarter. Institutional investors own 60.67% of the company's stock.

KANZHUN Stock Up 0.7%

KANZHUN stock traded up $0.12 during trading hours on Thursday, hitting $17.90. 2,406,849 shares of the company traded hands, compared to its average volume of 4,266,671. 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 P/E ratio of 30.86 and a beta of 0.41. The firm's 50-day simple moving average is $17.34 and its two-hundred day simple moving average is $16.24.

Wall Street Analyst Weigh In

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

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.