UG Investment Advisers Ltd. Buys Shares of 469,560 KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

UG Investment Advisers Ltd. purchased a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 469,560 shares of the company's stock, valued at approximately $9,001,000. KANZHUN comprises 2.5% of UG Investment Advisers Ltd.'s investment portfolio, making the stock its 8th largest holding. UG Investment Advisers Ltd. owned 0.12% of KANZHUN at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings 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 purchasing an additional 1,427 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of KANZHUN by 107.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company's stock valued at $41,000 after purchasing an additional 1,542 shares during the period. Townsquare Capital LLC purchased a new stake in shares of KANZHUN during the 4th quarter valued at approximately $157,000. Tudor Investment Corp ET AL bought a new position in KANZHUN in the 4th quarter worth approximately $160,000. Finally, Virtu Financial LLC bought a new position in KANZHUN in the 4th quarter worth approximately $162,000. Institutional investors own 60.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on BZ. Sanford C. Bernstein reissued a "market perform" rating and set a $18.00 target price 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 research note on Monday, June 2nd. Finally, Barclays increased their price objective on KANZHUN from $16.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.50.

KANZHUN Price Performance

Shares of NASDAQ:BZ opened at $17.75 on Friday. The firm has a fifty day moving average price of $16.69 and a two-hundred day moving average price of $16.02. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 30.60 and a beta of 0.39. KANZHUN LIMITED Sponsored ADR has a one year low of $10.57 and a one year high of $20.89.

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.

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