KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Given Average Rating of "Moderate Buy" by Analysts

Key Points

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

A number of analysts have recently commented on BZ shares. Zacks Research cut KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd.

KANZHUN Trading Up 0.7%

Shares of NASDAQ:BZ opened at $21.53 on Tuesday. The stock has a market capitalization of $8.83 billion, a P/E ratio of 37.12 and a beta of 0.41. KANZHUN has a 1-year low of $10.57 and a 1-year high of $22.67. The business has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $17.56.

Institutional Trading of KANZHUN

Large investors have recently modified their holdings of the stock. Public Sector Pension Investment Board boosted its stake in KANZHUN by 11.7% in the second quarter. Public Sector Pension Investment Board now owns 111,506 shares of the company's stock valued at $1,989,000 after buying an additional 11,700 shares in the last quarter. Vident Advisory LLC boosted its stake in KANZHUN by 7.8% in the second quarter. Vident Advisory LLC now owns 53,398 shares of the company's stock valued at $953,000 after buying an additional 3,874 shares in the last quarter. Tidal Investments LLC boosted its stake in KANZHUN by 29.2% in the second quarter. Tidal Investments LLC now owns 42,908 shares of the company's stock valued at $765,000 after buying an additional 9,708 shares in the last quarter. Royal London Asset Management Ltd. boosted its stake in KANZHUN by 9.4% in the second quarter. Royal London Asset Management Ltd. now owns 288,308 shares of the company's stock valued at $5,143,000 after buying an additional 24,700 shares in the last quarter. Finally, Man Group plc boosted its stake in KANZHUN by 147.1% in the second quarter. Man Group plc now owns 2,002,649 shares of the company's stock valued at $35,727,000 after buying an additional 1,192,296 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

About KANZHUN

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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