5,156,791 Shares in KANZHUN LIMITED Sponsored ADR $BZ Acquired by Norges Bank

Norges Bank acquired a new stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,156,791 shares of the company’s stock, valued at approximately $105,095,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of KANZHUN during the first quarter valued at approximately $27,000. Larson Financial Group LLC lifted its stake in shares of KANZHUN by 93.1% in the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after buying an additional 815 shares in the last quarter. Leonteq Securities AG bought a new position in shares of KANZHUN in the fourth quarter valued at $41,000. Fideuram Asset Management Ireland dac bought a new position in shares of KANZHUN in the fourth quarter valued at $67,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of KANZHUN by 194.1% in the third quarter. Hantz Financial Services Inc. now owns 3,288 shares of the company’s stock valued at $77,000 after buying an additional 2,170 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BZ shares. Sanford C. Bernstein upgraded KANZHUN from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $16.50 to $18.00 in a report on Friday. Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Barclays dropped their target price on KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, March 20th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Insider Buying and Selling at KANZHUN

In other news, CEO Peng Jonathan Zhao sold 64,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $6.98, for a total value of $446,720.00. Following the transaction, the chief executive officer owned 576,000 shares of the company’s stock, valued at approximately $4,020,480. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

KANZHUN Stock Performance

KANZHUN stock opened at $14.03 on Friday. The stock has a market cap of $5.90 billion, a P/E ratio of 13.76 and a beta of 0.49. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.85 and a fifty-two week high of $25.26. The firm’s fifty day moving average price is $13.78 and its 200-day moving average price is $16.92.

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.