Mirae Asset Global Investments Co. Ltd. Purchases 29,744 Shares of Kanzhun Limited (NASDAQ:BZ)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Kanzhun Limited (NASDAQ:BZ) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 178,796 shares of the company’s stock after purchasing an additional 29,744 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Kanzhun were worth $2,970,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. National Pension Service grew its position in Kanzhun by 423.1% during the 2nd quarter. National Pension Service now owns 6,800 shares of the company’s stock worth $179,000 after acquiring an additional 5,500 shares during the last quarter. Centiva Capital LP bought a new position in Kanzhun during the 2nd quarter worth approximately $1,069,000. Goldman Sachs Group Inc. grew its position in Kanzhun by 40.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,144,794 shares of the company’s stock worth $135,205,000 after acquiring an additional 1,487,391 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Kanzhun during the 2nd quarter worth approximately $1,225,000. Finally, Dimensional Fund Advisors LP bought a new position in Kanzhun during the 3rd quarter worth approximately $234,000. 60.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BZ has been the topic of several recent research reports. New Street Research upgraded Kanzhun from a “neutral” rating to a “buy” rating and raised their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, March 13th. TheStreet upgraded Kanzhun from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Barclays lifted their price objective on Kanzhun from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. Finally, Macquarie upgraded Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

Kanzhun Stock Performance

Shares of BZ stock opened at $18.11 on Thursday. The firm has a market cap of $6.80 billion, a P/E ratio of 54.88 and a beta of 0.59. The business’s 50 day moving average price is $17.24 and its 200-day moving average price is $16.02. Kanzhun Limited has a fifty-two week low of $12.57 and a fifty-two week high of $21.32.

Kanzhun (NASDAQ:BZ) last released its earnings results on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $222.57 million during the quarter, compared to analysts’ expectations of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. As a group, equities analysts predict that Kanzhun Limited will post 0.42 EPS for the current 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.