KANZHUN LIMITED Sponsored ADR $BZ Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC cut its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 16.0% during the 1st quarter, HoldingsChannel reports. The firm owned 696,617 shares of the company’s stock after selling 132,792 shares during the quarter. KANZHUN accounts for about 3.8% of Matthews International Capital Management LLC’s portfolio, making the stock its 8th largest position. Matthews International Capital Management LLC’s holdings in KANZHUN were worth $9,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC acquired a new stake in shares of KANZHUN in the first quarter valued at about $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in KANZHUN in the 1st quarter worth approximately $27,000. Millennium Management LLC boosted its holdings in KANZHUN by 85.3% in the 1st quarter. Millennium Management LLC now owns 942,035 shares of the company’s stock worth $18,059,000 after acquiring an additional 433,705 shares during the period. American Century Companies Inc. grew its position in KANZHUN by 3.1% in the second quarter. American Century Companies Inc. now owns 69,707 shares of the company’s stock valued at $1,244,000 after acquiring an additional 2,096 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in KANZHUN by 315.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company’s stock valued at $104,000 after acquiring an additional 4,442 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

KANZHUN Stock Performance

BZ opened at $13.76 on Monday. The company has a 50-day moving average of $13.74 and a 200-day moving average of $15.56. The company has a market capitalization of $5.64 billion, a P/E ratio of 13.49 and a beta of 0.50. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.57 and a 1-year high of $25.26.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Barclays decreased their target price on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Wall Street Zen lowered shares of KANZHUN from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Zacks Research raised shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.75.

KANZHUN Company Profile

Kanzhun Ltd. (NASDAQ: BZ) operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.