The Manufacturers Life Insurance Company Has $697,000 Position in KANZHUN LIMITED Sponsored ADR $BZ

The Manufacturers Life Insurance Company lowered its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 89.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,059 shares of the company’s stock after selling 436,570 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in KANZHUN were worth $697,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BZ. AQR Capital Management LLC bought a new position in shares of KANZHUN during the first quarter worth $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of KANZHUN in the first quarter valued at about $27,000. Millennium Management LLC boosted its position in KANZHUN by 85.3% during 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 last quarter. American Century Companies Inc. boosted its holdings in KANZHUN by 3.1% during the second quarter. American Century Companies Inc. now owns 69,707 shares of the company’s stock worth $1,244,000 after purchasing an additional 2,096 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of KANZHUN by 315.5% in the 2nd 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. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and raised their target price for the company from $16.50 to $18.00 in a research note on Friday, June 5th. Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.75.

KANZHUN Stock Down 4.2%

Shares of BZ stock opened at $15.42 on Friday. The business has a fifty day simple moving average of $14.60 and a 200 day simple moving average of $14.85. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.57 and a twelve month high of $25.26. The company has a market cap of $6.32 billion, a P/E ratio of 15.12 and a beta of 0.48.

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.