Mackenzie Financial Corp Invests $14.58 Million in Kanzhun Limited (NASDAQ:BZ)

Mackenzie Financial Corp purchased a new stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 877,737 shares of the company's stock, valued at approximately $14,579,000. Mackenzie Financial Corp owned approximately 0.23% of Kanzhun as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB purchased a new position in shares of Kanzhun in the 4th quarter worth approximately $4,311,000. Vanguard Group Inc. boosted its stake in Kanzhun by 1.7% during the third quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company's stock worth $191,376,000 after buying an additional 216,558 shares during the period. Bamco Inc. NY increased its position in Kanzhun by 23.5% during the third quarter. Bamco Inc. NY now owns 3,050,770 shares of the company's stock valued at $46,280,000 after acquiring an additional 581,094 shares during the last quarter. Swiss National Bank increased its position in Kanzhun by 25.8% during the third quarter. Swiss National Bank now owns 515,527 shares of the company's stock valued at $7,821,000 after acquiring an additional 105,600 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Kanzhun by 3.0% in the third quarter. California Public Employees Retirement System now owns 576,446 shares of the company's stock valued at $8,745,000 after acquiring an additional 17,032 shares during the period. Institutional investors own 60.67% of the company's stock.

Kanzhun Price Performance

Shares of NASDAQ:BZ remained flat at $17.84 during trading hours on Friday. 1,903,201 shares of the stock traded hands, compared to its average volume of 3,365,442. The company's 50 day moving average is $17.38 and its two-hundred day moving average is $16.05. Kanzhun Limited has a twelve month low of $12.57 and a twelve month high of $21.32. The firm has a market capitalization of $6.70 billion, a P/E ratio of 54.03 and a beta of 0.59.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $222.57 million for the quarter, compared to analyst estimates of $215.66 million. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. Equities research analysts forecast that Kanzhun Limited will post 0.42 EPS for the current year.

Analysts Set New Price Targets

BZ has been the topic of several analyst reports. TheStreet upgraded shares of Kanzhun from a "d+" rating to a "c-" rating in a report on Wednesday, March 13th. Macquarie raised Kanzhun from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 12th. New Street Research upgraded Kanzhun from a "neutral" rating to a "buy" rating and increased their target price for the stock from $17.00 to $25.00 in a research note on Wednesday, March 13th. Finally, Barclays upped their price target on shares of Kanzhun from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $20.38.

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.