Royal Bank of Canada Decreases Stock Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Royal Bank of Canada cut its KANZHUN position by 93.1% in the first quarter, selling 1,162,956 shares and retaining 85,784 shares valued at approximately $1.15 million.
• KANZHUN shares opened at $15.78, with a market capitalization of $6.47 billion and a 52-week trading range of $12.57 to $25.26. Institutional investors and hedge funds collectively own 60.67% of the stock.
• Analyst sentiment is moderately bullish: MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $18.67, compared with the current share price.

Royal Bank of Canada decreased its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 93.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,784 shares of the company's stock after selling 1,162,956 shares during the quarter. Royal Bank of Canada's holdings in KANZHUN were worth $1,148,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cerity Partners LLC grew its position in shares of KANZHUN by 2.5% in the second quarter. Cerity Partners LLC now owns 22,291 shares of the company's stock valued at $398,000 after purchasing an additional 549 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of KANZHUN by 93.1% during the 4th quarter. Larson Financial Group LLC now owns 1,690 shares of the company's stock valued at $34,000 after acquiring an additional 815 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its stake in KANZHUN by 7.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 14,231 shares of the company's stock worth $290,000 after purchasing an additional 958 shares during the period. Genus Capital Management Inc. raised its position in shares of KANZHUN by 7.1% in the 4th quarter. Genus Capital Management Inc. now owns 15,000 shares of the company's stock worth $306,000 after buying an additional 1,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of KANZHUN by 82.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,917 shares of the company's stock worth $68,000 after purchasing an additional 1,317 shares during the period. 60.67% of the stock is owned by institutional investors and hedge funds.

KANZHUN Stock Down 1.9%

Shares of NASDAQ BZ opened at $15.78 on Friday. The firm's 50-day simple moving average is $14.81 and its 200 day simple moving average is $14.74. The stock has a market cap of $6.47 billion, a P/E ratio of 15.47, a P/E/G ratio of 1.78 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.57 and a fifty-two week high of $25.26.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Zacks Research raised shares of KANZHUN from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Sanford C. Bernstein upgraded KANZHUN from a "market perform" rating to an "outperform" rating and increased their target price for the company from $16.50 to $18.00 in a research note on Friday, June 5th. Bank of America began coverage on KANZHUN in a research note on Tuesday. They issued a "neutral" rating and a $19.00 price target for the company. Finally, Weiss Ratings upgraded shares of KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.67.

KANZHUN Company Profile

Kanzhun Ltd. NASDAQ: BZ operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.

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