Matthews International Capital Management LLC Buys 226,152 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Matthews International Capital Management LLC raised its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 26.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,074,442 shares of the company's stock after purchasing an additional 226,152 shares during the period. KANZHUN accounts for about 4.3% of Matthews International Capital Management LLC's investment portfolio, making the stock its 8th largest position. Matthews International Capital Management LLC owned approximately 0.28% of KANZHUN worth $20,597,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC raised its holdings in KANZHUN by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after buying an additional 1,427 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in KANZHUN by 107.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after purchasing an additional 1,542 shares during the period. Townsquare Capital LLC acquired a new position in KANZHUN during the fourth quarter valued at approximately $157,000. Tudor Investment Corp ET AL bought a new position in shares of KANZHUN in the fourth quarter valued at approximately $160,000. Finally, Virtu Financial LLC acquired a new stake in shares of KANZHUN in the fourth quarter worth $162,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

KANZHUN Stock Down 0.1%

Shares of BZ stock traded down $0.02 during mid-day trading on Friday, reaching $17.74. The stock had a trading volume of 1,099,906 shares, compared to its average volume of 4,438,942. KANZHUN LIMITED Sponsored ADR has a one year low of $10.57 and a one year high of $20.89. The firm has a market cap of $6.90 billion, a PE ratio of 30.56 and a beta of 0.39. The firm's 50 day simple moving average is $16.69 and its 200 day simple moving average is $16.02.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BZ. Barclays raised their target price on shares of KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $18.00 price target on shares of KANZHUN in a research report on Wednesday, March 12th. Finally, Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Two investment 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 stock. According to data from MarketBeat, KANZHUN has a consensus rating of "Moderate Buy" and an average target price 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.