Serenity Capital Management PTE. LTD. Acquires 2,835,149 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Serenity Capital Management PTE. LTD. boosted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 236.2% in the second quarter, HoldingsChannel.com reports. The firm owned 4,035,348 shares of the company’s stock after buying an additional 2,835,149 shares during the period. KANZHUN accounts for about 30.5% of Serenity Capital Management PTE. LTD.’s investment portfolio, making the stock its 2nd largest holding. Serenity Capital Management PTE. LTD.’s holdings in KANZHUN were worth $71,991,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in KANZHUN during the 1st quarter worth about $27,000. Brooklyn Investment Group raised its position in shares of KANZHUN by 3,115.4% during the first quarter. Brooklyn Investment Group now owns 2,926 shares of the company’s stock worth $56,000 after acquiring an additional 2,835 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of KANZHUN by 39.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock worth $75,000 after acquiring an additional 1,185 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of KANZHUN by 315.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company’s stock worth $104,000 after acquiring an additional 4,442 shares during the period. Finally, AQR Capital Management LLC bought a new stake in KANZHUN in the first quarter valued at approximately $201,000. 60.67% of the stock is owned by institutional investors.

KANZHUN Price Performance

Shares of KANZHUN stock opened at $21.07 on Friday. The business has a 50-day simple moving average of $22.00 and a 200 day simple moving average of $20.83. KANZHUN LIMITED Sponsored ADR has a one year low of $12.85 and a one year high of $25.26. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 27.72 and a beta of 0.42.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Zacks Research lowered shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. The Goldman Sachs Group reissued a “buy” rating on shares of KANZHUN in a research note on Monday, September 22nd. UBS Group raised shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, August 21st. Barclays increased their price target on KANZHUN from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KANZHUN in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

About KANZHUN

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.