WFM ASIA BVI Ltd Has $109.70 Million Position in KANZHUN LIMITED Sponsored ADR $BZ

WFM ASIA BVI Ltd lowered its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 29.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,149,000 shares of the company’s stock after selling 2,509,500 shares during the period. KANZHUN accounts for 11.8% of WFM ASIA BVI Ltd’s holdings, making the stock its 4th biggest position. WFM ASIA BVI Ltd owned about 1.50% of KANZHUN worth $109,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in KANZHUN during the first quarter worth $27,000. Brooklyn Investment Group increased its stake in shares of KANZHUN by 3,115.4% during the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company’s stock worth $56,000 after purchasing an additional 2,835 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of KANZHUN by 39.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock valued at $75,000 after purchasing an additional 1,185 shares during the period. AQR Capital Management LLC acquired a new stake in KANZHUN in the 1st quarter valued at about $201,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in KANZHUN in the 2nd quarter valued at about $225,000. 60.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BZ shares. Weiss Ratings restated a “hold (c+)” rating on shares of KANZHUN in a research note on Thursday, November 13th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Jefferies Financial Group lifted their target price on KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Barclays lifted their price objective on shares of KANZHUN from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Zacks Research cut shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.40.

KANZHUN Price Performance

Shares of BZ opened at $20.99 on Thursday. KANZHUN LIMITED Sponsored ADR has a one year low of $12.16 and a one year high of $25.26. The firm has a 50 day simple moving average of $22.60 and a two-hundred day simple moving average of $20.52. The company has a market cap of $8.69 billion, a P/E ratio of 27.69 and a beta of 0.42.

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.