Asset Management One Co. Ltd. Raises Stock Position in Kanzhun Limited (NASDAQ:BZ)

Asset Management One Co. Ltd. increased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 62.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,885 shares of the company’s stock after purchasing an additional 19,483 shares during the period. Asset Management One Co. Ltd.’s holdings in Kanzhun were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in shares of Kanzhun by 67.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,922 shares of the company’s stock valued at $39,000 after purchasing an additional 772 shares during the period. 1832 Asset Management L.P. purchased a new stake in Kanzhun during the 4th quarter worth $49,000. Virginia Retirement Systems ET AL acquired a new position in Kanzhun in the 2nd quarter worth $157,000. Macquarie Group Ltd. boosted its position in Kanzhun by 132.6% in the 3rd quarter. Macquarie Group Ltd. now owns 9,776 shares of the company’s stock valued at $165,000 after buying an additional 5,573 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Kanzhun by 423.1% during the second quarter. National Pension Service now owns 6,800 shares of the company’s stock valued at $179,000 after acquiring an additional 5,500 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Macquarie upgraded Kanzhun from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 12th. New Street Research raised Kanzhun from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.00 to $25.00 in a research report on Wednesday, March 13th. Barclays raised their price target on shares of Kanzhun from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Finally, TheStreet raised shares of Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Kanzhun Price Performance

Shares of BZ opened at $18.74 on Friday. The stock has a market capitalization of $7.03 billion, a PE ratio of 56.79 and a beta of 0.59. The business’s fifty day moving average price is $17.09 and its 200 day moving average price is $15.97. Kanzhun Limited has a 12-month low of $12.57 and a 12-month high of $21.32.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. The company had revenue of $222.57 million for the quarter, compared to the consensus estimate of $215.66 million. As a group, research analysts anticipate that Kanzhun Limited will post 0.42 earnings per share for the current fiscal year.

Kanzhun Profile

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.