Assenagon Asset Management S.A. Buys 1,086,172 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Assenagon Asset Management S.A. lifted its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 35.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,162,348 shares of the company’s stock after buying an additional 1,086,172 shares during the period. Assenagon Asset Management S.A.’s holdings in KANZHUN were worth $55,734,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in KANZHUN in the fourth quarter worth about $105,095,000. Schroder Investment Management Group grew its holdings in shares of KANZHUN by 15.9% during the 4th quarter. Schroder Investment Management Group now owns 24,433,878 shares of the company’s stock worth $497,962,000 after acquiring an additional 3,352,779 shares during the period. Capital International Investors raised its position in shares of KANZHUN by 70.3% in the 3rd quarter. Capital International Investors now owns 8,059,160 shares of the company’s stock worth $188,262,000 after acquiring an additional 3,326,548 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of KANZHUN by 362.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,706,948 shares of the company’s stock worth $86,594,000 after acquiring an additional 2,904,542 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of KANZHUN by 70.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 5,591,441 shares of the company’s stock valued at $113,954,000 after purchasing an additional 2,313,922 shares during the period. 60.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BZ shares. Wall Street Zen lowered KANZHUN from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Barclays decreased their price objective on KANZHUN from $28.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, March 20th. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Five 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.com, KANZHUN presently has a consensus rating of “Moderate Buy” and an average price target of $21.75.

KANZHUN Trading Down 3.7%

KANZHUN stock opened at $12.65 on Friday. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.61 and a 12 month high of $25.26. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 12.40 and a beta of 0.49. The business’s fifty day simple moving average is $13.82 and its two-hundred day simple moving average is $16.11.

KANZHUN Company Profile

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.