Robeco Institutional Asset Management B.V. Has $33.65 Million Stock Holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Robeco Institutional Asset Management B.V. raised its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 210.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,755,490 shares of the company's stock after purchasing an additional 1,190,698 shares during the period. Robeco Institutional Asset Management B.V. owned 0.46% of KANZHUN worth $33,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BZ. Rhumbline Advisers grew its holdings in KANZHUN by 9.3% during the fourth quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock valued at $334,000 after purchasing an additional 2,066 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in KANZHUN during the fourth quarter valued at approximately $629,000. National Pension Service grew its holdings in KANZHUN by 10.3% during the fourth quarter. National Pension Service now owns 79,500 shares of the company's stock valued at $1,097,000 after purchasing an additional 7,400 shares during the last quarter. US Bancorp DE grew its holdings in KANZHUN by 6.0% during the fourth quarter. US Bancorp DE now owns 42,456 shares of the company's stock valued at $586,000 after purchasing an additional 2,406 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in KANZHUN by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,816 shares of the company's stock valued at $5,849,000 after purchasing an additional 53,225 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

KANZHUN Stock Up 2.8%

KANZHUN stock traded up $0.50 during mid-day trading on Friday, hitting $18.12. 2,394,927 shares of the company were exchanged, compared to its average volume of 4,468,166. The business has a fifty day moving average of $17.12 and a 200 day moving average of $16.18. KANZHUN LIMITED Sponsored ADR has a 1-year low of $10.57 and a 1-year high of $20.81. The company has a market capitalization of $7.06 billion, a PE ratio of 31.24 and a beta of 0.39.

Analyst Ratings Changes

BZ has been the subject of several research reports. Barclays increased their price objective on KANZHUN from $16.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price objective 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

KANZHUN Company 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.