LBP AM SA lessened its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 24.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,880 shares of the company's stock after selling 47,108 shares during the quarter. LBP AM SA's holdings in KANZHUN were worth $2,777,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its position in shares of KANZHUN by 1,304.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 64,600 shares of the company's stock valued at $1,238,000 after buying an additional 60,000 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of KANZHUN by 44.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 33,310 shares of the company's stock valued at $639,000 after buying an additional 10,250 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of KANZHUN by 32.4% in the 1st quarter. Penserra Capital Management LLC now owns 114,988 shares of the company's stock valued at $2,204,000 after buying an additional 28,161 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of KANZHUN by 37.9% in the first quarter. IFM Investors Pty Ltd now owns 14,833 shares of the company's stock worth $284,000 after acquiring an additional 4,075 shares in the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of KANZHUN in the first quarter worth about $25,000. Institutional investors own 60.67% of the company's stock.
KANZHUN Price Performance
BZ stock traded down $0.43 during trading hours on Friday, reaching $18.52. 1,564,393 shares of the stock were exchanged, compared to its average volume of 4,458,694. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 32.67 and a beta of 0.41. 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 moving average is $17.79 and its 200-day moving average is $16.46.
Wall Street Analysts Forecast Growth
BZ has been the subject of several recent analyst reports. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Barclays increased their target price on KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.
Check Out Our Latest Analysis on KANZHUN
About KANZHUN
(
Free Report)
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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