Robeco Institutional Asset Management B.V. Has $9.05 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Robeco Institutional Asset Management B.V. trimmed its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 7.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 544,564 shares of the company's stock after selling 46,385 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.15% of Kanzhun worth $9,045,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Kanzhun by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company's stock valued at $191,376,000 after acquiring an additional 216,558 shares during the period. Wellington Management Group LLP increased its stake in Kanzhun by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 5,728,132 shares of the company's stock worth $86,896,000 after buying an additional 421,441 shares during the period. Bamco Inc. NY increased its stake in Kanzhun by 23.5% during the 3rd quarter. Bamco Inc. NY now owns 3,050,770 shares of the company's stock worth $46,280,000 after buying an additional 581,094 shares during the period. Canada Pension Plan Investment Board increased its stake in Kanzhun by 7.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,047,912 shares of the company's stock worth $46,237,000 after buying an additional 222,649 shares during the period. Finally, E Fund Management Co. Ltd. increased its stake in Kanzhun by 2.3% during the 4th quarter. E Fund Management Co. Ltd. now owns 2,422,718 shares of the company's stock worth $40,241,000 after buying an additional 55,077 shares during the period. 60.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Kanzhun Price Performance

Shares of Kanzhun stock traded up $0.46 during trading hours on Monday, hitting $22.63. The company had a trading volume of 4,694,153 shares, compared to its average volume of 3,637,395. The company's 50-day moving average is $19.49 and its two-hundred day moving average is $16.82. Kanzhun Limited has a twelve month low of $12.57 and a twelve month high of $22.65. The company has a market cap of $8.50 billion, a P/E ratio of 68.58 and a beta of 0.50.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued its earnings results 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 business had revenue of $222.57 million during the quarter, compared to analysts' expectations of $215.66 million. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. Sell-side analysts expect that Kanzhun Limited will post 0.42 EPS for the current 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.