Blue Creek Capital Management Ltd lowered its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,633,631 shares of the company's stock after selling 70,000 shares during the period. Kanzhun makes up about 19.5% of Blue Creek Capital Management Ltd's portfolio, making the stock its 3rd largest position. Blue Creek Capital Management Ltd owned approximately 0.44% of Kanzhun worth $27,135,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Kanzhun by 32.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company's stock valued at $56,000 after acquiring an additional 890 shares during the period. Aigen Investment Management LP acquired a new stake in Kanzhun during the 3rd quarter valued at approximately $182,000. Schwab Charitable Fund acquired a new stake in Kanzhun during the 4th quarter valued at approximately $182,000. DNB Asset Management AS acquired a new stake in Kanzhun during the 4th quarter valued at approximately $207,000. Finally, Daiwa Securities Group Inc. lifted its stake in Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company's stock valued at $398,000 after acquiring an additional 3,470 shares during the period. Hedge funds and other institutional investors own 60.67% of the company's stock.
Kanzhun Price Performance
Shares of BZ stock traded up $0.75 during trading hours on Thursday, reaching $20.28. 4,782,000 shares of the stock were exchanged, compared to its average volume of 3,448,364. The business's fifty day moving average is $18.19 and its two-hundred day moving average is $16.27. Kanzhun Limited has a 12-month low of $12.57 and a 12-month high of $21.32. The firm has a market capitalization of $7.61 billion, a P/E ratio of 61.45 and a beta of 0.50.
Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. The company had revenue of $222.57 million for the quarter, compared to analyst estimates of $215.66 million. As a group, equities research analysts predict that Kanzhun Limited will post 0.42 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BZ. Barclays lifted their target price on shares of Kanzhun from $22.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 13th. New Street Research raised shares of Kanzhun from a "neutral" rating to a "buy" rating and upped their target price for the stock from $17.00 to $25.00 in a report on Wednesday, March 13th. TheStreet raised shares of Kanzhun from a "d+" rating to a "c-" rating in a report on Wednesday, March 13th. Finally, Macquarie raised shares of Kanzhun from a "neutral" rating to an "outperform" rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $20.38.
Read Our Latest Analysis on BZ
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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