Quantinno Capital Management LP raised its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ – Free Report) by 86.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 109,175 shares of the company’s stock after purchasing an additional 50,660 shares during the quarter. Quantinno Capital Management LP’s holdings in KANZHUN were worth $1,462,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in KANZHUN during the 1st quarter valued at $27,000. Parallel Advisors LLC increased its position in shares of KANZHUN by 5,732.4% in the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock valued at $29,000 after acquiring an additional 2,121 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of KANZHUN in the fourth quarter valued at about $29,000. Larson Financial Group LLC raised its stake in shares of KANZHUN by 93.1% during the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after acquiring an additional 815 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in shares of KANZHUN during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on BZ. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Sanford C. Bernstein upgraded KANZHUN from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $16.50 to $18.00 in a report on Friday, June 5th. Finally, Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.75.
KANZHUN Price Performance
NASDAQ:BZ opened at $15.42 on Friday. The firm has a market capitalization of $6.32 billion, a P/E ratio of 15.12 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a one year low of $12.57 and a one year high of $25.26. The company’s 50-day simple moving average is $14.60 and its 200 day simple moving average is $14.85.
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.
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