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KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Holdings Raised by WFM ASIA BVI Ltd

KANZHUN logo with Computer and Technology background

Key Points

  • WFM ASIA BVI Ltd increased its stake in KANZHUN LIMITED by 9.5%, acquiring an additional 751,200 shares during the first quarter, now holding a total of 8,658,500 shares.
  • Several institutional investors have recently boosted their holdings in KANZHUN, with Krane Funds Advisors LLC increasing its stake by 24.2% and Mirae Asset Global Investments growing its investment by a staggering 2,547.4%.
  • KANZHUN's stock price was up 3.5% to $21.83, with analysts giving it a consensus rating of "Buy" and raising its rating to "strong-buy".
  • Want stock alerts on KANZHUN? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

WFM ASIA BVI Ltd boosted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,658,500 shares of the company's stock after buying an additional 751,200 shares during the period. KANZHUN accounts for approximately 18.5% of WFM ASIA BVI Ltd's portfolio, making the stock its 3rd largest position. WFM ASIA BVI Ltd owned 2.22% of KANZHUN worth $165,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. bought a new stake in shares of KANZHUN during the first quarter valued at approximately $25,000. Townsquare Capital LLC bought a new stake in shares of KANZHUN during the fourth quarter valued at approximately $157,000. Tudor Investment Corp ET AL bought a new stake in shares of KANZHUN during the fourth quarter valued at approximately $160,000. Quantinno Capital Management LP bought a new stake in KANZHUN in the 4th quarter worth approximately $163,000. Finally, Lighthouse Investment Partners LLC bought a new stake in KANZHUN in the 4th quarter worth approximately $166,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on BZ

KANZHUN Stock Performance

Shares of KANZHUN stock traded up $0.05 during trading on Friday, hitting $21.37. 2,204,294 shares of the company's stock were exchanged, compared to its average volume of 3,355,404. The business has a 50-day simple moving average of $18.98 and a 200-day simple moving average of $17.48. KANZHUN LIMITED Sponsored ADR has a 52-week low of $10.57 and a 52-week high of $22.67. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 36.76 and a beta of 0.41.

KANZHUN Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for KANZHUN (NASDAQ:BZ)

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