Kanzhun Limited (NASDAQ:BZ) Stake Boosted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Kanzhun Limited (NASDAQ:BZ) by 17.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,100 shares of the company’s stock after purchasing an additional 15,700 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Kanzhun were worth $1,958,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BZ. Marshall Wace LLP acquired a new position in shares of Kanzhun during the 2nd quarter worth about $19,239,000. Public Sector Pension Investment Board increased its position in Kanzhun by 20.0% during the second quarter. Public Sector Pension Investment Board now owns 89,306 shares of the company’s stock worth $1,680,000 after acquiring an additional 14,900 shares during the period. Sei Investments Co. raised its stake in Kanzhun by 41.4% during the 2nd quarter. Sei Investments Co. now owns 989,767 shares of the company’s stock valued at $18,618,000 after purchasing an additional 289,718 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in Kanzhun by 14.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 462,000 shares of the company’s stock worth $8,690,000 after purchasing an additional 58,900 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Kanzhun by 3.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,896,010 shares of the company’s stock worth $54,474,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Performance

Shares of NASDAQ BZ opened at $17.18 on Friday. The business has a fifty day moving average of $13.51 and a two-hundred day moving average of $17.50. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The stock has a market cap of $6.54 billion, a PE ratio of 44.05 and a beta of 0.47.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $263.75 million during the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. Analysts predict that Kanzhun Limited will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

BZ has been the topic of a number of recent research reports. Daiwa America raised Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Barclays decreased their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Daiwa Capital Markets cut shares of Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.40.

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.