Kanzhun Limited (NASDAQ:BZ) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in shares of Kanzhun Limited (NASDAQ:BZ) by 191.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,719 shares of the company’s stock after acquiring an additional 110,122 shares during the quarter. New York State Common Retirement Fund’s holdings in Kanzhun were worth $2,786,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BZ. Matthews International Capital Management LLC increased its stake in Kanzhun by 159.1% during the fourth quarter. Matthews International Capital Management LLC now owns 2,132,656 shares of the company’s stock worth $35,423,000 after acquiring an additional 1,309,699 shares during the last quarter. IvyRock Asset Management HK Ltd purchased a new stake in shares of Kanzhun during the 3rd quarter valued at about $14,632,000. SG Americas Securities LLC raised its holdings in shares of Kanzhun by 1,835.0% during the 4th quarter. SG Americas Securities LLC now owns 984,496 shares of the company’s stock valued at $16,352,000 after buying an additional 933,617 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Kanzhun during the 4th quarter valued at about $14,579,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Kanzhun by 55.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,095,900 shares of the company’s stock valued at $31,795,000 after buying an additional 746,700 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kanzhun Stock Down 0.7 %

Shares of NASDAQ BZ opened at $20.26 on Tuesday. Kanzhun Limited has a fifty-two week low of $12.57 and a fifty-two week high of $21.32. The business has a 50 day moving average price of $18.51 and a two-hundred day moving average price of $16.38. The firm has a market cap of $7.61 billion, a PE ratio of 61.40 and a beta of 0.50.

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

About Kanzhun

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.