GAM Holding AG Makes New $2.40 Million Investment in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

GAM Holding AG purchased a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 125,000 shares of the company’s stock, valued at approximately $2,396,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in KANZHUN by 403.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company’s stock worth $25,000 after acquiring an additional 1,427 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of KANZHUN by 107.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,976 shares of the company’s stock worth $41,000 after purchasing an additional 1,542 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of KANZHUN in the 4th quarter worth approximately $157,000. Tudor Investment Corp ET AL bought a new stake in shares of KANZHUN in the 4th quarter worth approximately $160,000. Finally, Virtu Financial LLC acquired a new stake in shares of KANZHUN during the 4th quarter valued at $162,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

KANZHUN Trading Up 0.4%

NASDAQ BZ opened at $17.82 on Friday. The stock’s 50-day moving average price is $16.75 and its two-hundred day moving average price is $16.05. The company has a market cap of $6.94 billion, a PE ratio of 30.72 and a beta of 0.39. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $20.81.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BZ. Daiwa America upgraded KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $18.00 price target on shares of KANZHUN in a research report on Wednesday, March 12th. Finally, Barclays boosted their price objective on KANZHUN from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.