Vanguard Group Inc. Sells 508,174 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Vanguard Group Inc. reduced its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 3.7% in the third quarter, Holdings Channel.com reports. The fund owned 13,145,709 shares of the company’s stock after selling 508,174 shares during the quarter. Vanguard Group Inc.’s holdings in KANZHUN were worth $307,084,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rakuten Investment Management Inc. bought a new position in KANZHUN during the 3rd quarter worth about $1,571,000. Vise Technologies Inc. bought a new stake in shares of KANZHUN in the 2nd quarter valued at about $527,000. Envestnet Asset Management Inc. grew its position in shares of KANZHUN by 459.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 186,323 shares of the company’s stock worth $3,324,000 after buying an additional 153,013 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in KANZHUN by 37.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 195,900 shares of the company’s stock valued at $3,495,000 after acquiring an additional 53,300 shares during the last quarter. Finally, Norges Bank acquired a new stake in KANZHUN in the second quarter valued at approximately $123,984,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BZ has been the topic of a number of recent analyst reports. Barclays upped their price target on KANZHUN from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KANZHUN in a research report on Monday, December 29th. Wall Street Zen downgraded KANZHUN from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Zacks Research lowered shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

KANZHUN Stock Down 1.5%

Shares of KANZHUN stock opened at $16.08 on Friday. The firm has a market cap of $6.72 billion, a PE ratio of 21.16 and a beta of 0.43. The business has a 50-day moving average price of $18.86 and a 200 day moving average price of $21.13. KANZHUN LIMITED Sponsored ADR has a twelve month low of $13.28 and a twelve month high of $25.26.

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.