KANZHUN LIMITED Sponsored ADR $BZ Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 43.3% in the first quarter, Holdings Channel.com reports. The fund owned 5,698,667 shares of the company’s stock after buying an additional 1,722,700 shares during the quarter. Renaissance Technologies LLC’s holdings in KANZHUN were worth $76,305,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of KANZHUN in the 1st quarter worth $27,000. Parallel Advisors LLC lifted its holdings in shares of KANZHUN by 5,732.4% during the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock valued at $29,000 after purchasing an additional 2,121 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of KANZHUN during the fourth quarter valued at $29,000. Larson Financial Group LLC boosted its position in shares of KANZHUN by 93.1% in the 4th quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after purchasing an additional 815 shares during the period. Finally, Leonteq Securities AG acquired a new position in shares of KANZHUN in the 4th quarter valued at $41,000. 60.67% of the stock is owned by institutional investors.

KANZHUN Stock Up 1.1%

BZ stock opened at $15.42 on Friday. KANZHUN LIMITED Sponsored ADR has a 12-month low of $12.57 and a 12-month high of $25.26. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 15.12 and a beta of 0.50. The company has a 50 day moving average of $13.93 and a two-hundred day moving average of $15.20.

Analysts Set New Price Targets

Several analysts have issued reports on BZ shares. Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of KANZHUN in a report on Wednesday, July 15th. Finally, Sanford C. Bernstein raised shares of KANZHUN from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $16.50 to $18.00 in a research report on Friday, June 5th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, KANZHUN presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

KANZHUN 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.