Penserra Capital Management LLC Boosts Stock Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Penserra Capital Management LLC grew its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 32.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,988 shares of the company's stock after acquiring an additional 28,161 shares during the quarter. Penserra Capital Management LLC's holdings in KANZHUN were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CoreView Capital Management Ltd increased its holdings in shares of KANZHUN by 23.5% during the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock valued at $42,168,000 after acquiring an additional 580,583 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of KANZHUN by 3.2% during the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock valued at $8,961,000 after acquiring an additional 20,100 shares in the last quarter. Centiva Capital LP increased its holdings in shares of KANZHUN by 334.4% during the fourth quarter. Centiva Capital LP now owns 111,876 shares of the company's stock valued at $1,544,000 after acquiring an additional 86,120 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of KANZHUN during the fourth quarter valued at approximately $9,066,000. Finally, Diversified Trust Co bought a new stake in shares of KANZHUN during the first quarter valued at approximately $530,000. Institutional investors own 60.67% of the company's stock.

KANZHUN Stock Up 4.8%

BZ stock traded up $0.85 during midday trading on Tuesday, hitting $18.66. The company's stock had a trading volume of 4,402,772 shares, compared to its average volume of 4,478,965. The stock's 50-day moving average price is $17.54 and its 200 day moving average price is $16.36. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $20.81. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 32.17 and a beta of 0.41.

Analyst Upgrades and Downgrades

BZ has been the subject of several recent research reports. Sanford C. Bernstein reiterated a "market perform" rating and set a $18.00 price target on shares of KANZHUN in a report on Wednesday, March 12th. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Barclays upped their price target on KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Two research 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. According to MarketBeat.com, KANZHUN has a consensus rating of "Moderate Buy" and a consensus price target 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.