Skandinaviska Enskilda Banken AB publ Trims Stake in KANZHUN LIMITED Sponsored ADR $BZ

Skandinaviska Enskilda Banken AB publ decreased its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 64.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 70,500 shares of the company’s stock after selling 125,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in KANZHUN were worth $1,647,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of KANZHUN during the first quarter valued at $27,000. First Horizon Corp acquired a new position in KANZHUN in the 3rd quarter valued at about $30,000. PNC Financial Services Group Inc. lifted its holdings in KANZHUN by 39.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock valued at $75,000 after purchasing an additional 1,185 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of KANZHUN by 194.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,288 shares of the company’s stock worth $77,000 after purchasing an additional 2,170 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of KANZHUN by 52.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,203 shares of the company’s stock worth $93,000 after purchasing an additional 1,792 shares during the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

KANZHUN Stock Up 1.6%

NASDAQ:BZ opened at $17.48 on Friday. The company has a market cap of $7.31 billion, a P/E ratio of 23.00 and a beta of 0.43. The firm’s 50 day moving average is $19.28 and its two-hundred day moving average is $21.29. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $13.28 and a fifty-two week high of $25.26.

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.