RWC Asset Management LLP Raises Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

RWC Asset Management LLP lifted its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 68.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 555,316 shares of the company's stock after buying an additional 225,800 shares during the quarter. RWC Asset Management LLP owned approximately 0.15% of Kanzhun worth $9,224,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Deltec Asset Management LLC acquired a new position in Kanzhun in the 3rd quarter valued at $198,000. Robeco Institutional Asset Management B.V. raised its stake in Kanzhun by 26.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 590,949 shares of the company's stock valued at $8,965,000 after purchasing an additional 122,483 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Kanzhun by 42.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 729,838 shares of the company's stock valued at $11,072,000 after buying an additional 216,149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kanzhun by 55.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,369 shares of the company's stock valued at $885,000 after buying an additional 20,800 shares in the last quarter. Finally, RWC Asset Advisors US LLC purchased a new stake in Kanzhun in the 3rd quarter valued at $13,664,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Macquarie upgraded Kanzhun from a "neutral" rating to an "outperform" rating in a report on Tuesday, March 12th. Barclays increased their price target on Kanzhun from $22.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, March 13th. New Street Research upgraded Kanzhun from a "neutral" rating to a "buy" rating and increased their price target for the stock from $17.00 to $25.00 in a report on Wednesday, March 13th. Finally, TheStreet upgraded 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 issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $20.38.

Kanzhun Price Performance

Shares of NASDAQ BZ traded up $0.49 during midday trading on Friday, hitting $20.09. 4,891,018 shares of the company's stock were exchanged, compared to its average volume of 3,733,581. Kanzhun Limited has a twelve month low of $12.57 and a twelve month high of $21.32. The company has a market cap of $7.54 billion, a PE ratio of 60.88 and a beta of 0.59. The firm's fifty day simple moving average is $17.89 and its 200-day simple moving average is $16.19.

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