New York State Common Retirement Fund Purchases Shares of 184,004 KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

New York State Common Retirement Fund purchased a new stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 184,004 shares of the company's stock, valued at approximately $3,527,000.

A number of other large investors have also added to or reduced their stakes in 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. First Horizon Advisors Inc. bought a new stake in KANZHUN during the 1st quarter valued at approximately $25,000. PNC Financial Services Group Inc. grew its holdings in shares of KANZHUN by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock worth $41,000 after acquiring an additional 1,542 shares during the period. Townsquare Capital LLC bought a new position in shares of KANZHUN in the 4th quarter worth approximately $157,000. Finally, Tudor Investment Corp ET AL purchased a new position in shares of KANZHUN in the 4th quarter valued at approximately $160,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

KANZHUN Stock Up 3.0%

Shares of NASDAQ:BZ opened at $19.45 on Wednesday. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 33.53 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 52 week low of $10.57 and a 52 week high of $20.81. The firm has a 50 day moving average of $18.08 and a 200 day moving average of $16.71.

Analysts Set New Price Targets

Separately, Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average 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.

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