New York State Common Retirement Fund Has $2.79 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

New York State Common Retirement Fund grew its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 191.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,719 shares of the company's stock after buying an additional 110,122 shares during the quarter. New York State Common Retirement Fund's holdings in Kanzhun were worth $2,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Kanzhun by 32.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company's stock valued at $56,000 after purchasing an additional 890 shares in the last quarter. abrdn plc increased its position in shares of Kanzhun by 5.6% during the third quarter. abrdn plc now owns 48,536 shares of the company's stock worth $736,000 after purchasing an additional 2,567 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Kanzhun by 9.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,301 shares of the company's stock valued at $457,000 after purchasing an additional 2,629 shares during the period. Daiwa Securities Group Inc. increased its position in Kanzhun by 16.9% during the fourth quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company's stock worth $398,000 after buying an additional 3,470 shares during the period. Finally, Prudential PLC boosted its holdings in shares of Kanzhun by 12.1% in the third quarter. Prudential PLC now owns 36,027 shares of the company's stock valued at $547,000 after acquiring an additional 3,876 shares during the period. Hedge funds and other institutional investors own 60.67% of the company's stock.

Kanzhun Stock Down 0.5 %

Shares of NASDAQ:BZ traded down $0.10 during midday trading on Tuesday, reaching $20.16. The company's stock had a trading volume of 3,096,580 shares, compared to its average volume of 3,507,577. The business has a 50 day moving average price of $18.51 and a 200 day moving average price of $16.38. Kanzhun Limited has a 1 year low of $12.57 and a 1 year high of $21.32. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 61.09 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, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $222.57 million during the quarter, compared to analyst estimates of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. Sell-side analysts anticipate that Kanzhun Limited will post 0.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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 upgraded shares of 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. TheStreet raised Kanzhun from a "d+" rating to a "c-" rating in a research note on Wednesday, March 13th. Finally, Macquarie upgraded Kanzhun from a "neutral" rating to an "outperform" rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.