Swiss National Bank Trims Holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Swiss National Bank cut its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 0.3% during the first quarter, HoldingsChannel reports. The firm owned 599,366 shares of the company’s stock after selling 1,600 shares during the period. Swiss National Bank’s holdings in KANZHUN were worth $11,490,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in KANZHUN by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company’s stock worth $192,000 after acquiring an additional 999 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in KANZHUN during the 1st quarter valued at $25,000. Asset Management One Co. Ltd. lifted its holdings in shares of KANZHUN by 7.9% in the 1st quarter. Asset Management One Co. Ltd. now owns 45,585 shares of the company’s stock worth $874,000 after buying an additional 3,322 shares during the period. IFM Investors Pty Ltd grew its position in shares of KANZHUN by 37.9% during the 1st quarter. IFM Investors Pty Ltd now owns 14,833 shares of the company’s stock worth $284,000 after buying an additional 4,075 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in shares of KANZHUN by 38.6% during the fourth quarter. Voya Investment Management LLC now owns 19,031 shares of the company’s stock valued at $263,000 after buying an additional 5,302 shares during the period. Hedge funds and other institutional investors own 60.67% of the company’s stock.

KANZHUN Trading Down 5.0%

Shares of NASDAQ BZ opened at $21.32 on Friday. KANZHUN LIMITED Sponsored ADR has a 12-month low of $10.57 and a 12-month high of $22.67. The stock’s fifty day simple moving average is $18.92 and its two-hundred day simple moving average is $17.44. The stock has a market capitalization of $8.75 billion, a PE ratio of 36.76 and a beta of 0.41.

Analysts Set New Price Targets

Separately, Daiwa America raised shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $18.50.

KANZHUN 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.