Harvest Fund Management Co. Ltd decreased its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 751,326 shares of the company's stock after selling 56,381 shares during the quarter. Kanzhun accounts for about 1.9% of Harvest Fund Management Co. Ltd's investment portfolio, making the stock its 11th largest position. Harvest Fund Management Co. Ltd owned approximately 0.20% of Kanzhun worth $12,232,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its position in Kanzhun by 191.2% in the fourth quarter. New York State Common Retirement Fund now owns 167,719 shares of the company's stock worth $2,786,000 after buying an additional 110,122 shares during the last quarter. abrdn plc boosted its stake in Kanzhun by 19.6% in the 4th quarter. abrdn plc now owns 58,056 shares of the company's stock worth $964,000 after purchasing an additional 9,520 shares during the period. Daiwa Securities Group Inc. grew its position in Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company's stock worth $398,000 after purchasing an additional 3,470 shares in the last quarter. Mackenzie Financial Corp purchased a new position in Kanzhun during the 4th quarter worth approximately $14,579,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Kanzhun by 3.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 510,776 shares of the company's stock worth $8,484,000 after purchasing an additional 19,024 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.
Kanzhun Trading Up 2.7 %
Kanzhun stock traded up $0.49 on Tuesday, reaching $18.77. 5,960,759 shares of the stock were exchanged, compared to its average volume of 3,368,501. The stock has a market cap of $7.05 billion, a PE ratio of 56.88 and a beta of 0.59. Kanzhun Limited has a twelve month low of $12.57 and a twelve month high of $21.32. The firm has a fifty day moving average price of $17.61 and a two-hundred day moving average price of $16.12.
Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $222.57 million during 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 analysts anticipate that Kanzhun Limited will post 0.42 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on BZ shares. Barclays lifted their price objective 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. Macquarie upgraded shares of Kanzhun from a "neutral" rating to an "outperform" rating in a report on Tuesday, March 12th. New Street Research upgraded shares of Kanzhun from a "neutral" rating to a "buy" rating and boosted their price target for the company from $17.00 to $25.00 in a report on Wednesday, March 13th. Finally, TheStreet upgraded 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 data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $20.38.
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About Kanzhun
(
Free Report)
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.
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