Federated Hermes Inc. Has $100.99 Million Holdings in Kanzhun Limited (NASDAQ:BZ)

Federated Hermes Inc. boosted its stake in Kanzhun Limited (NASDAQ:BZ) by 10.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,368,870 shares of the company’s stock after buying an additional 507,337 shares during the period. Federated Hermes Inc.’s holdings in Kanzhun were worth $100,988,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in Kanzhun during the second quarter worth about $25,000. Summit Securities Group LLC acquired a new position in shares of Kanzhun in the 2nd quarter worth approximately $44,000. Blue Trust Inc. grew its position in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after acquiring an additional 1,347 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Kanzhun during the 2nd quarter valued at $204,000. Finally, DNB Asset Management AS increased its holdings in Kanzhun by 21.7% during the 2nd quarter. DNB Asset Management AS now owns 17,544 shares of the company’s stock valued at $330,000 after purchasing an additional 3,123 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Trading Up 1.0 %

Shares of NASDAQ:BZ opened at $12.12 on Friday. The stock has a market capitalization of $4.61 billion, a P/E ratio of 31.08 and a beta of 0.47. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The business has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $17.70.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BZ shares. HSBC assumed coverage on Kanzhun in a report on Friday, May 24th. They set a “buy” rating and a $30.00 target price on the stock. Daiwa America raised shares of Kanzhun to a “hold” rating in a report on Thursday, July 25th. UBS Group boosted their target price on shares of Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Finally, Daiwa Capital Markets lowered shares of Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Kanzhun currently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

Kanzhun Company Profile

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.