Thornburg Investment Management Inc. Sells 812,588 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Thornburg Investment Management Inc. lessened its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 17.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,851,569 shares of the company’s stock after selling 812,588 shares during the period. KANZHUN makes up about 1.2% of Thornburg Investment Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Thornburg Investment Management Inc.’s holdings in KANZHUN were worth $89,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BZ. Rakuten Investment Management Inc. purchased a new position in shares of KANZHUN in the 3rd quarter worth about $1,571,000. Asset Management One Co. Ltd. increased its stake in KANZHUN by 18.6% during the 2nd quarter. Asset Management One Co. Ltd. now owns 54,058 shares of the company’s stock valued at $964,000 after purchasing an additional 8,473 shares in the last quarter. Vise Technologies Inc. bought a new stake in KANZHUN during the 2nd quarter valued at about $527,000. Envestnet Asset Management Inc. raised its holdings in KANZHUN by 459.4% in the second 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. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of KANZHUN by 37.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 195,900 shares of the company’s stock worth $3,495,000 after buying an additional 53,300 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

KANZHUN Trading Down 0.7%

NASDAQ:BZ opened at $16.24 on Thursday. The company has a market cap of $6.79 billion, a PE ratio of 21.37 and a beta of 0.43. The company has a 50 day simple moving average of $19.05 and a two-hundred day simple moving average of $21.20. KANZHUN LIMITED Sponsored ADR has a 12 month low of $13.28 and a 12 month high of $25.26.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of KANZHUN from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Barclays lifted their target price on KANZHUN from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c+)” rating on shares of KANZHUN in a research note on Monday, December 29th. Finally, Zacks Research cut KANZHUN from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One research 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

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.