Savant Capital LLC Sells 41,086 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Savant Capital LLC lowered its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 77.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,987 shares of the company’s stock after selling 41,086 shares during the period. Savant Capital LLC’s holdings in KANZHUN were worth $214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of KANZHUN by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 437,579 shares of the company’s stock valued at $8,388,000 after acquiring an additional 13,763 shares in the last quarter. Nordea Investment Management AB raised its position in KANZHUN by 6.6% in the second quarter. Nordea Investment Management AB now owns 327,771 shares of the company’s stock valued at $5,806,000 after purchasing an additional 20,329 shares during the last quarter. Citigroup Inc. raised its position in KANZHUN by 2.9% in the first quarter. Citigroup Inc. now owns 4,084,520 shares of the company’s stock valued at $78,300,000 after purchasing an additional 116,280 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of KANZHUN by 18.6% during the second quarter. Asset Management One Co. Ltd. now owns 54,058 shares of the company’s stock valued at $964,000 after purchasing an additional 8,473 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of KANZHUN by 105.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 65,816 shares of the company’s stock worth $1,167,000 after purchasing an additional 33,750 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analysts Set New Price Targets

BZ has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd. Barclays lifted their price target on shares of KANZHUN from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group upgraded KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Thursday, August 21st. Jefferies Financial Group raised their target price on KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Zacks Research lowered KANZHUN from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, KANZHUN currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.40.

KANZHUN Trading Up 1.0%

BZ stock opened at $21.00 on Thursday. The firm has a market cap of $8.70 billion, a PE ratio of 27.63 and a beta of 0.42. The stock has a 50-day moving average price of $22.60 and a 200-day moving average price of $20.52. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.16 and a 1-year high of $25.26.

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.