KBC Group NV Grows Position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

KBC Group NV boosted its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 378.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 227,608 shares of the company’s stock after purchasing an additional 180,033 shares during the quarter. KBC Group NV’s holdings in KANZHUN were worth $4,363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in KANZHUN by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock valued at $25,000 after purchasing an additional 1,427 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of KANZHUN by 107.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock valued at $41,000 after acquiring an additional 1,542 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of KANZHUN in the 4th quarter worth about $157,000. Tudor Investment Corp ET AL bought a new stake in KANZHUN during the fourth quarter worth approximately $160,000. Finally, Virtu Financial LLC bought a new position in shares of KANZHUN during the 4th quarter valued at approximately $162,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

KANZHUN Stock Performance

Shares of BZ stock opened at $17.78 on Thursday. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 30.66 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81. The stock’s 50-day simple moving average is $17.34 and its 200-day simple moving average is $16.24.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BZ. Barclays increased their price objective on shares of KANZHUN from $16.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, March 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $18.00 target price on shares of KANZHUN in a research report on Wednesday, March 12th. Finally, Daiwa America raised KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

KANZHUN Company Profile

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.