RWC Asset Management LLP Cuts Holdings in KANZHUN LIMITED Sponsored ADR $BZ

RWC Asset Management LLP decreased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ – Free Report) by 35.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 456,013 shares of the company’s stock after selling 254,290 shares during the period. RWC Asset Management LLP’s holdings in KANZHUN were worth $9,294,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Schroder Investment Management Group increased its stake in shares of KANZHUN by 15.5% during the third quarter. Schroder Investment Management Group now owns 21,081,099 shares of the company’s stock worth $494,141,000 after purchasing an additional 2,822,778 shares in the last quarter. Krane Funds Advisors LLC increased its stake in shares of KANZHUN by 24.7% during the third quarter. Krane Funds Advisors LLC now owns 19,291,036 shares of the company’s stock worth $413,311,000 after purchasing an additional 3,819,347 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of KANZHUN by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 13,340,529 shares of the company’s stock worth $271,880,000 after purchasing an additional 194,820 shares in the last quarter. Capital International Investors increased its stake in shares of KANZHUN by 22.2% during the fourth quarter. Capital International Investors now owns 9,845,468 shares of the company’s stock worth $200,651,000 after purchasing an additional 1,786,308 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its stake in shares of KANZHUN by 3.3% during the third quarter. CoreView Capital Management Ltd now owns 9,447,889 shares of the company’s stock worth $220,703,000 after purchasing an additional 298,584 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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Insider Activity at KANZHUN

In other news, CEO Peng Jonathan Zhao sold 64,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $6.98, for a total value of $446,720.00. Following the transaction, the chief executive officer directly owned 576,000 shares in the company, 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 SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several analysts recently issued reports on BZ shares. Wall Street Zen cut shares of KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $16.50 to $18.00 in a research note on Friday. Zacks Research raised shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Barclays dropped their price objective on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, March 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.75.

Check Out Our Latest Analysis on BZ

KANZHUN Stock Performance

Shares of BZ stock opened at $14.03 on Monday. The firm’s 50 day moving average price is $13.78 and its 200-day moving average price is $16.90. KANZHUN LIMITED Sponsored ADR has a one year low of $12.85 and a one year high of $25.26. The firm has a market cap of $5.90 billion, a P/E ratio of 13.76 and a beta of 0.49.

KANZHUN Profile

(Free Report)

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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