Norges Bank Acquires New Shares in KANZHUN LIMITED Sponsored ADR $BZ

Norges Bank bought a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 5,156,791 shares of the company’s stock, valued at approximately $105,095,000. Norges Bank owned 1.23% of KANZHUN at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BZ. Eurizon Capital SGR S.p.A. bought a new stake in KANZHUN in the fourth quarter valued at approximately $1,335,000. Fideuram Asset Management Ireland dac acquired a new stake in KANZHUN during the 4th quarter valued at approximately $67,000. National Pension Service raised its holdings in KANZHUN by 41.2% during the 4th quarter. National Pension Service now owns 102,727 shares of the company’s stock worth $2,094,000 after purchasing an additional 29,950 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in KANZHUN by 12.0% during the 4th quarter. Jupiter Asset Management Ltd. now owns 3,186,400 shares of the company’s stock worth $64,939,000 after purchasing an additional 342,400 shares during the last quarter. Finally, Savant Capital LLC lifted its position in shares of KANZHUN by 12.4% in the 4th quarter. Savant Capital LLC now owns 13,677 shares of the company’s stock worth $279,000 after purchasing an additional 1,507 shares during the period. 60.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BZ shares. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered shares of KANZHUN from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and upped their price target for the company from $16.50 to $18.00 in a research report on Friday. Finally, Barclays decreased their price target on KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Five investment 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

KANZHUN Stock Performance

KANZHUN stock opened at $14.03 on Friday. The stock has a market capitalization of $5.90 billion, a price-to-earnings ratio of 13.76 and a beta of 0.49. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.85 and a 52-week high of $25.26. The stock’s 50 day moving average price is $13.78 and its two-hundred day moving average price is $16.92.

Insider Transactions at KANZHUN

In related news, CEO Peng Jonathan Zhao sold 64,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $6.98, for a total transaction of $446,720.00. Following the transaction, the chief executive officer directly owned 576,000 shares of the company’s stock, valued at $4,020,480. This represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by corporate insiders.

KANZHUN 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.