KANZHUN (NASDAQ:BZ) Shares Down 5.3% – Should You Sell?

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)’s stock price fell 5.3% on Tuesday . The stock traded as low as $13.36 and last traded at $13.4430. 275,430 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 4,007,352 shares. The stock had previously closed at $14.20.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Sanford C. Bernstein upgraded shares of KANZHUN from a “market perform” rating to an “outperform” rating and increased their price target for the company from $16.50 to $18.00 in a research note on Friday, June 5th. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen lowered shares of KANZHUN from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Barclays dropped their price target on shares of KANZHUN from $28.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

KANZHUN Price Performance

The firm has a market capitalization of $5.66 billion, a PE ratio of 13.21 and a beta of 0.49. The business’s 50-day moving average price is $13.81 and its 200-day moving average price is $16.47.

Hedge Funds Weigh In On KANZHUN

Hedge funds have recently modified their holdings of the business. APG Asset Management N.V. grew its position in shares of KANZHUN by 203.1% during the third quarter. APG Asset Management N.V. now owns 196,400 shares of the company’s stock worth $4,588,000 after acquiring an additional 131,600 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in KANZHUN by 29.4% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 397,379 shares of the company’s stock valued at $9,283,000 after buying an additional 90,200 shares during the last quarter. Temasek Holdings Private Ltd grew its position in KANZHUN by 16.5% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,662,819 shares of the company’s stock valued at $62,203,000 after buying an additional 376,545 shares during the last quarter. Nordea Investment Management AB grew its position in KANZHUN by 255.5% in the 4th quarter. Nordea Investment Management AB now owns 1,329,223 shares of the company’s stock valued at $26,930,000 after buying an additional 955,304 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in KANZHUN by 70.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 5,591,441 shares of the company’s stock valued at $113,954,000 after buying an additional 2,313,922 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

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.