Kanzhun Limited (NASDAQ:BZ) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its position in Kanzhun Limited (NASDAQ:BZ) by 35.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,832,636 shares of the company’s stock after selling 989,509 shares during the quarter. Bamco Inc. NY’s holdings in Kanzhun were worth $32,126,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Kanzhun by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company’s stock worth $225,711,000 after acquiring an additional 203,594 shares during the period. Brilliance Asset Management Ltd. increased its position in Kanzhun by 1.5% during the 4th quarter. Brilliance Asset Management Ltd. now owns 10,101,933 shares of the company’s stock worth $167,793,000 after purchasing an additional 153,010 shares in the last quarter. Wellington Management Group LLP increased its position in Kanzhun by 21.8% during the 4th quarter. Wellington Management Group LLP now owns 6,976,129 shares of the company’s stock worth $115,874,000 after purchasing an additional 1,247,997 shares in the last quarter. Norges Bank acquired a new stake in Kanzhun during the 4th quarter worth approximately $98,023,000. Finally, Goldman Sachs Group Inc. increased its position in Kanzhun by 21.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock worth $82,688,000 after purchasing an additional 877,342 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BZ has been the subject of a number of research analyst reports. UBS Group increased their target price on shares of Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. HSBC began coverage on shares of Kanzhun in a research note on Friday, May 24th. They issued a “buy” rating and a $30.00 price target for the company. Daiwa Capital Markets downgraded shares of Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday. Daiwa America raised shares of Kanzhun to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Kanzhun presently has an average rating of “Moderate Buy” and an average price target of $23.71.

Kanzhun Stock Down 0.1 %

Kanzhun stock traded down $0.02 during mid-day trading on Friday, hitting $13.71. 3,426,890 shares of the company were exchanged, compared to its average volume of 3,869,795. The business has a fifty day moving average of $19.33 and a 200 day moving average of $18.00. The company has a market capitalization of $5.22 billion, a PE ratio of 35.15 and a beta of 0.49. Kanzhun Limited has a 1-year low of $12.57 and a 1-year high of $22.74.

Kanzhun (NASDAQ:BZ) last issued its earnings results on Tuesday, May 21st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $235.97 million for the quarter, compared to analysts’ expectations of $230.09 million. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. Research analysts expect that Kanzhun Limited will post 0.5 earnings per share for the current year.

About Kanzhun

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.