Capital World Investors decreased its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ – Free Report) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,990,431 shares of the company’s stock after selling 6,080,560 shares during the quarter. Capital World Investors owned about 0.07% of KANZHUN worth $570,445,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of BZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of KANZHUN during the first quarter valued at $27,000. Larson Financial Group LLC lifted its holdings in KANZHUN by 93.1% in the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock worth $34,000 after purchasing an additional 815 shares during the period. Leonteq Securities AG acquired a new stake in KANZHUN in the fourth quarter worth about $41,000. Fideuram Asset Management Ireland dac acquired a new stake in KANZHUN in the fourth quarter worth about $67,000. Finally, Hantz Financial Services Inc. lifted its holdings in KANZHUN by 194.1% in the third quarter. Hantz Financial Services Inc. now owns 3,288 shares of the company’s stock worth $77,000 after purchasing an additional 2,170 shares during the period. Institutional investors and hedge funds own 60.67% of the company’s stock.
Insiders Place Their Bets
In other KANZHUN news, CEO Peng Jonathan Zhao sold 64,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $6.98, for a total value of $446,720.00. Following the completion of the sale, the chief executive officer directly owned 576,000 shares of the company’s stock, valued at approximately $4,020,480. This represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
KANZHUN Stock Performance
Wall Street Analyst Weigh In
BZ has been the subject of several research analyst reports. Wall Street Zen downgraded shares of KANZHUN from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Zacks Research raised shares of KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Barclays reduced their price objective on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Finally, Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $16.50 to $18.00 in a report on Friday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.75.
View Our Latest Report on KANZHUN
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.
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