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KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Receives $18.50 Average PT from Brokerages

KANZHUN logo with Computer and Technology background

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.50.

Separately, Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd.

Get Our Latest Report on KANZHUN

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Krane Funds Advisors LLC lifted its stake in shares of KANZHUN by 24.2% in the first quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock valued at $389,887,000 after buying an additional 3,961,488 shares in the last quarter. Schroder Investment Management Group increased its holdings in KANZHUN by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock worth $204,774,000 after buying an additional 986,213 shares during the last quarter. Vanguard Group Inc. increased its holdings in KANZHUN by 2.9% during the first quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company's stock worth $284,133,000 after buying an additional 424,153 shares during the last quarter. Capital World Investors increased its holdings in KANZHUN by 636.3% during the fourth quarter. Capital World Investors now owns 13,828,732 shares of the company's stock worth $190,837,000 after buying an additional 11,950,467 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in KANZHUN by 1,474.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company's stock worth $183,130,000 after buying an additional 8,946,253 shares during the last quarter. 60.67% of the stock is owned by institutional investors.

KANZHUN Trading Up 2.3%

NASDAQ BZ traded up $0.43 during trading on Tuesday, reaching $18.96. The company's stock had a trading volume of 2,068,943 shares, compared to its average volume of 4,423,926. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 32.67 and a beta of 0.41. KANZHUN has a 12 month low of $10.57 and a 12 month high of $20.81. The firm has a 50 day moving average price of $17.99 and a 200 day moving average price of $16.60.

KANZHUN Company Profile

(Get 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.

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Analyst Recommendations for KANZHUN (NASDAQ:BZ)

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