Union Bancaire Privee UBP SA Sells 98,788 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Union Bancaire Privee UBP SA decreased its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 53.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,258 shares of the company’s stock after selling 98,788 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in KANZHUN were worth $1,992,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of KANZHUN in the 1st quarter valued at about $27,000. Brooklyn Investment Group lifted its stake in shares of KANZHUN by 3,115.4% in the first quarter. Brooklyn Investment Group now owns 2,926 shares of the company’s stock worth $56,000 after acquiring an additional 2,835 shares during the period. PNC Financial Services Group Inc. boosted its holdings in KANZHUN by 39.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock valued at $75,000 after acquiring an additional 1,185 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in KANZHUN by 52.5% in the second quarter. Osaic Holdings Inc. now owns 5,203 shares of the company’s stock valued at $93,000 after acquiring an additional 1,792 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in KANZHUN by 315.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company’s stock valued at $104,000 after purchasing an additional 4,442 shares during the period. 60.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of KANZHUN from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, November 19th. Jefferies Financial Group upped their price target on shares of KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded KANZHUN from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of KANZHUN in a research report on Monday. Finally, Zacks Research lowered KANZHUN from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

KANZHUN Trading Up 0.5%

NASDAQ:BZ opened at $20.31 on Thursday. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.85 and a 12 month high of $25.26. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 26.72 and a beta of 0.42. The firm has a fifty day simple moving average of $21.48 and a two-hundred day simple moving average of $21.05.

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.