Matthews International Capital Management LLC Has $20.60 Million Stock Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Matthews International Capital Management LLC grew its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 26.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,074,442 shares of the company's stock after acquiring an additional 226,152 shares during the period. KANZHUN accounts for approximately 4.3% of Matthews International Capital Management LLC's investment portfolio, making the stock its 8th biggest position. Matthews International Capital Management LLC owned 0.28% of KANZHUN worth $20,597,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BZ. Quadrant Capital Group LLC grew its stake in shares of KANZHUN by 403.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after purchasing an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of KANZHUN by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after buying an additional 1,542 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of KANZHUN in the fourth quarter valued at about $157,000. Tudor Investment Corp ET AL bought a new position in shares of KANZHUN during the fourth quarter worth about $160,000. Finally, Virtu Financial LLC acquired a new position in shares of KANZHUN in the fourth quarter worth approximately $162,000. 60.67% of the stock is currently owned by institutional investors.

KANZHUN Stock Up 0.4%

KANZHUN stock traded up $0.07 during trading hours on Friday, reaching $17.82. 6,231,474 shares of the company's stock were exchanged, compared to its average volume of 4,469,321. The firm's 50 day simple moving average is $16.75 and its 200 day simple moving average is $16.07. KANZHUN LIMITED Sponsored ADR has a twelve month low of $10.57 and a twelve month high of $20.81. The firm has a market capitalization of $6.94 billion, a PE ratio of 30.72 and a beta of 0.39.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $18.00 price target on shares of KANZHUN in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KANZHUN currently has an average 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.