KANZHUN LIMITED Sponsored ADR $BZ Position Trimmed by Royal Bank of Canada

Royal Bank of Canada decreased its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 93.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 85,784 shares of the company’s stock after selling 1,162,956 shares during the quarter. Royal Bank of Canada’s holdings in KANZHUN were worth $1,148,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantinno Capital Management LP increased its stake in KANZHUN by 86.6% in the 1st quarter. Quantinno Capital Management LP now owns 109,175 shares of the company’s stock worth $1,462,000 after purchasing an additional 50,660 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of KANZHUN by 45.8% in the first quarter. Lazard Asset Management LLC now owns 2,001,349 shares of the company’s stock worth $26,798,000 after buying an additional 628,993 shares during the period. Renaissance Technologies LLC increased its position in shares of KANZHUN by 43.3% in the first quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock worth $76,305,000 after acquiring an additional 1,722,700 shares in the last quarter. Perseverance Asset Management International increased its position in shares of KANZHUN by 1,603.8% in the first quarter. Perseverance Asset Management International now owns 4,287,565 shares of the company’s stock worth $57,410,000 after acquiring an additional 4,035,923 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of KANZHUN by 0.6% during the first quarter. Sei Investments Co. now owns 1,795,290 shares of the company’s stock valued at $24,039,000 after acquiring an additional 9,991 shares during the period. 60.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Bank of America began coverage on shares of KANZHUN in a research report on Tuesday. They issued a “neutral” rating and a $19.00 price target for the company. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein raised KANZHUN from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, KANZHUN currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

KANZHUN Trading Down 1.9%

Shares of NASDAQ:BZ opened at $15.78 on Friday. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.57 and a 1 year high of $25.26. The business has a fifty day simple moving average of $14.81 and a 200 day simple moving average of $14.74. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.78 and a beta of 0.48.

About KANZHUN

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.