Kanzhun Limited (NASDAQ:BZ) Shares Acquired by RWC Asset Management LLP

RWC Asset Management LLP grew its holdings in Kanzhun Limited (NASDAQ:BZ) by 68.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 555,316 shares of the company’s stock after buying an additional 225,800 shares during the period. RWC Asset Management LLP’s holdings in Kanzhun were worth $9,224,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in Kanzhun by 32.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock worth $56,000 after acquiring an additional 890 shares in the last quarter. Schwab Charitable Fund acquired a new stake in shares of Kanzhun during the fourth quarter worth about $182,000. Aigen Investment Management LP acquired a new stake in shares of Kanzhun during the third quarter worth about $182,000. DNB Asset Management AS acquired a new stake in shares of Kanzhun during the fourth quarter worth about $207,000. Finally, Deltec Asset Management LLC acquired a new stake in shares of Kanzhun during the third quarter worth about $198,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BZ. Macquarie raised Kanzhun from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 12th. New Street Research raised Kanzhun from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $25.00 in a report on Wednesday, March 13th. TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Finally, Barclays lifted their target price on Kanzhun from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, March 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.38.

Kanzhun Price Performance

NASDAQ:BZ traded up $0.49 during trading hours on Friday, reaching $20.09. The company had a trading volume of 4,891,018 shares, compared to its average volume of 3,733,581. The firm has a market cap of $7.54 billion, a PE ratio of 60.88 and a beta of 0.59. Kanzhun Limited has a 1-year low of $12.57 and a 1-year high of $21.32. The business’s 50 day moving average price is $17.89 and its 200-day moving average price is $16.19.

Kanzhun (NASDAQ:BZ) last posted 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 analysts’ expectations of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. On average, analysts expect that Kanzhun Limited will post 0.42 earnings per share for the current fiscal year.

Kanzhun Company Profile

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.