Robeco Institutional Asset Management B.V. Buys 1,190,698 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Robeco Institutional Asset Management B.V. increased its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 210.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,755,490 shares of the company’s stock after acquiring an additional 1,190,698 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in KANZHUN were worth $33,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BZ. CoreView Capital Management Ltd raised its stake in shares of KANZHUN by 23.5% during the fourth quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company’s stock valued at $42,168,000 after acquiring an additional 580,583 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of KANZHUN by 3.2% during the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company’s stock valued at $8,961,000 after acquiring an additional 20,100 shares during the last quarter. Centiva Capital LP raised its stake in shares of KANZHUN by 334.4% during the fourth quarter. Centiva Capital LP now owns 111,876 shares of the company’s stock valued at $1,544,000 after acquiring an additional 86,120 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of KANZHUN by 14.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 423,816 shares of the company’s stock valued at $5,849,000 after acquiring an additional 53,225 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in shares of KANZHUN during the fourth quarter valued at about $9,066,000. Institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Daiwa America upgraded shares of 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 set a $18.00 price target on shares of KANZHUN in a research report on Wednesday, March 12th. Finally, Barclays boosted their price target on shares of KANZHUN from $16.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, KANZHUN presently has an average rating of “Moderate Buy” and an average target price of $18.50.

KANZHUN Stock Performance

Shares of BZ opened at $18.12 on Friday. The stock has a market cap of $7.06 billion, a PE ratio of 31.24 and a beta of 0.39. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81. The firm’s 50-day simple moving average is $17.12 and its two-hundred day simple moving average is $16.18.

KANZHUN Company 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.