Skandinaviska Enskilda Banken AB publ Acquires 132,400 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Key Points

• Skandinaviska Enskilda Banken AB publ increased its stake in KANZHUN LIMITED by 1,298.0% in the first quarter, acquiring an additional 132,400 shares, bringing their total to 142,600 shares valued at approximately $2.73 million.
• Daiwa America upgraded KANZHUN from a "hold" to a "strong-buy" rating, contributing to the consensus rating of "Buy" with an average price target of $18.50.
• KANZHUN's stock performance shows a market capitalization of $8.04 billion, trading at $19.59 with a one-year high of $20.81 and a low of $10.57.

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 1,298.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 142,600 shares of the company's stock after purchasing an additional 132,400 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in KANZHUN were worth $2,734,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Quadrant Capital Group LLC boosted its stake in KANZHUN by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock valued at $25,000 after buying an additional 1,427 shares in the last quarter. First Horizon Advisors Inc. bought a new position in KANZHUN during the first quarter valued at about $25,000. Townsquare Capital LLC bought a new position in KANZHUN during the fourth quarter valued at about $157,000. Tudor Investment Corp ET AL acquired a new position in shares of KANZHUN in the 4th quarter valued at $160,000. Finally, Quantinno Capital Management LP acquired a new position in shares of KANZHUN in the 4th quarter valued at $163,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, KANZHUN has an average rating of "Buy" and a consensus price target of $18.50.

KANZHUN Stock Performance

Shares of NASDAQ:BZ traded down $0.24 during trading on Tuesday, hitting $19.59. 3,394,880 shares of the stock were exchanged, compared to its average volume of 2,758,730. 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 $8.04 billion, a price-to-earnings ratio of 33.78 and a beta of 0.41. The company's fifty day simple moving average is $18.25 and its 200-day simple moving average is $16.94.

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.