Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 2,547.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,313,534 shares of the company's stock after acquiring an additional 5,112,824 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.38% of KANZHUN worth $101,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC grew its stake in KANZHUN by 49.6% during the 4th quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock worth $226,001,000 after buying an additional 5,432,730 shares during the last quarter. Schroder Investment Management Group boosted its stake in KANZHUN by 7.1% in the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock worth $204,774,000 after purchasing an additional 986,213 shares in the last quarter. Vanguard Group Inc. grew its position in KANZHUN by 15.1% during the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock worth $198,687,000 after purchasing an additional 1,885,658 shares during the last quarter. Capital World Investors increased its stake in KANZHUN by 636.3% during the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company's stock valued at $190,837,000 after purchasing an additional 11,950,467 shares in the last quarter. Finally, WFM ASIA BVI Ltd raised its holdings in shares of KANZHUN by 30.7% in the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock worth $109,121,000 after buying an additional 1,855,500 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

KANZHUN Stock Performance

NASDAQ BZ traded down $0.34 during mid-day trading on Tuesday, reaching $17.50. 2,516,483 shares of the stock were exchanged, compared to its average volume of 4,458,411. The company has a market capitalization of $6.81 billion, a P/E ratio of 30.17 and a beta of 0.39. The business's 50 day moving average is $17.21 and its 200-day moving average is $16.22. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $20.81.

Analyst Upgrades and Downgrades

A number of analysts have commented on BZ shares. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 price target on shares of KANZHUN in a research report on Wednesday, March 12th. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Barclays upped their price target on shares of KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Two 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 company. According to MarketBeat.com, KANZHUN presently has an average rating of "Moderate Buy" and an average 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.