Robeco Institutional Asset Management B.V. Increases Stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

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

A number of other large investors also recently bought and sold shares of the business. Capital World Investors grew its stake in KANZHUN by 636.3% in the 4th quarter. Capital World Investors now owns 13,828,732 shares of the company's stock worth $190,837,000 after acquiring an additional 11,950,467 shares in the last quarter. Krane Funds Advisors LLC raised its stake in shares of KANZHUN by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock valued at $226,001,000 after acquiring an additional 5,432,730 shares in the last quarter. Norges Bank purchased a new stake in shares of KANZHUN in the fourth quarter valued at approximately $64,060,000. HCEP Management Ltd grew its stake in KANZHUN by 200.0% in the fourth quarter. HCEP Management Ltd now owns 3,000,000 shares of the company's stock worth $41,400,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in KANZHUN by 15.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BZ shares. Barclays increased their price objective 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. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $18.00 price target on shares of KANZHUN in a research report on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.50.

KANZHUN Stock Down 1.9%

Shares of NASDAQ BZ traded down $0.34 during trading hours on Tuesday, hitting $17.50. 2,550,562 shares of the stock were exchanged, compared to its average volume of 4,463,187. KANZHUN LIMITED Sponsored ADR has a 12 month low of $10.57 and a 12 month high of $20.81. The firm has a fifty day moving average price of $17.28 and a 200-day moving average price of $16.23. The company has a market cap of $6.81 billion, a PE ratio of 30.17 and a beta of 0.41.

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.