Artisan Partners Limited Partnership Grows Stock Holdings in KANZHUN LIMITED Sponsored ADR $BZ
Artisan Partners Limited Partnership increased its stake in KANZHUN LIMITED by 5.6% in Q2, owning 5,686,888 shares valued at $101.45 million. Other institutional investors also adjusted their positions. KANZHUN's stock opened at $21.00 with a market cap of $8.70 billion. Analysts have mixed ratings, with a consensus of "Moderate Buy" and a price target of $22.40. KANZHUN provides online recruitment services in China under the BOSS Zhipin brand.
Artisan Partners Limited Partnership grew its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,686,888 shares of the company's stock after acquiring an additional 300,197 shares during the period. Artisan Partners Limited Partnership owned 1.39% of KANZHUN worth $101,454,000 at the end of the most recent reporting period.
- Kanzhun Stock Outlook Promising With China's Reopening
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in KANZHUN by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company's stock worth $284,133,000 after purchasing an additional 424,153 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of KANZHUN by 1,474.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company's stock valued at $183,130,000 after acquiring an additional 8,946,253 shares during the period. WFM ASIA BVI Ltd grew its stake in KANZHUN by 9.5% during the first quarter. WFM ASIA BVI Ltd now owns 8,658,500 shares of the company's stock valued at $165,983,000 after acquiring an additional 751,200 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in KANZHUN by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,629,115 shares of the company's stock worth $165,420,000 after acquiring an additional 2,678,683 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in KANZHUN by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,325,904 shares of the company's stock worth $159,609,000 after acquiring an additional 1,970,441 shares during the period. 60.67% of the stock is currently owned by institutional investors.
KANZHUN Stock Performance
BZ stock opened at $21.00 on Thursday. The company has a market capitalization of $8.70 billion, a PE ratio of 27.63 and a beta of 0.42. KANZHUN LIMITED Sponsored ADR has a one year low of $12.16 and a one year high of $25.26. The company's 50 day moving average price is $22.60 and its two-hundred day moving average price is $20.52.
Wall Street Analyst Weigh In
A number of research firms have recently commented on BZ. Weiss Ratings restated a "hold (c+)" rating on shares of KANZHUN in a research report on Thursday, November 13th. Barclays lifted their price objective on KANZHUN from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Wednesday. Jefferies Financial Group upped their target price on KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of KANZHUN in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.40.
Get Our Latest Analysis on BZ
About KANZHUN
(Free Report)Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.
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