KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Shares Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its holdings in KANZHUN LIMITED by 185.2%, now owning 94,175 shares valued at approximately $1.81 million.
• Quadrant Capital Group LLC boosted its stake in KANZHUN by 403.1%, joining several other institutional investors that have expanded their positions recently.
• Analysts show confidence in KANZHUN, with a strong-buy rating upgrade from Daiwa America and an average target price of $18.50.

XTX Topco Ltd lifted its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 185.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,175 shares of the company's stock after purchasing an additional 61,155 shares during the period. XTX Topco Ltd's holdings in KANZHUN were worth $1,805,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quadrant Capital Group LLC increased its position in shares of KANZHUN by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after acquiring an additional 1,427 shares during the period. First Horizon Advisors Inc. acquired a new position in KANZHUN in the first quarter valued at $25,000. Townsquare Capital LLC acquired a new position in KANZHUN in the fourth quarter valued at $157,000. Tudor Investment Corp ET AL acquired a new position in KANZHUN in the fourth quarter valued at $160,000. Finally, Quantinno Capital Management LP acquired a new position in KANZHUN in the fourth quarter valued at $163,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $18.50.

KANZHUN Trading Down 1.6%

Shares of BZ traded down $0.30 during mid-day trading on Friday, reaching $18.66. The company had a trading volume of 2,787,645 shares, compared to its average volume of 2,732,736. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 32.17 and a beta of 0.41. The firm has a fifty day simple moving average of $18.36 and a 200-day simple moving average of $17.04. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81.

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.