Kanzhun Limited (NASDAQ:BZ) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its position in Kanzhun Limited (NASDAQ:BZ) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 575,077 shares of the company’s stock after selling 26,066 shares during the period. Lazard Asset Management LLC’s holdings in Kanzhun were worth $10,081,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BZ. Vanguard Group Inc. increased its holdings in shares of Kanzhun by 1.7% in the third quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company’s stock valued at $191,376,000 after purchasing an additional 216,558 shares during the period. GAM Holding AG purchased a new stake in shares of Kanzhun in the fourth quarter worth about $2,326,000. Schwab Charitable Fund purchased a new stake in shares of Kanzhun in the fourth quarter worth about $182,000. Asset Management One Co. Ltd. boosted its stake in shares of Kanzhun by 62.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 50,885 shares of the company’s stock worth $830,000 after buying an additional 19,483 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Kanzhun by 20.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 178,796 shares of the company’s stock worth $2,970,000 after buying an additional 29,744 shares during the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Down 0.1 %

Shares of NASDAQ BZ traded down $0.02 during midday trading on Friday, hitting $13.71. The stock had a trading volume of 3,426,890 shares, compared to its average volume of 3,869,795. The company has a market capitalization of $5.22 billion, a PE ratio of 35.15 and a beta of 0.49. The stock has a 50 day simple moving average of $19.33 and a 200-day simple moving average of $17.98. Kanzhun Limited has a 1 year low of $12.57 and a 1 year high of $22.74.

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

Analysts Set New Price Targets

A number of analysts have recently commented on BZ shares. Daiwa America upgraded Kanzhun to a “hold” rating in a research note on Thursday. UBS Group upped their target price on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. HSBC began coverage on Kanzhun in a research report on Friday, May 24th. They set a “buy” rating and a $30.00 price target on the stock. JPMorgan Chase & Co. increased their price target on Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Finally, Daiwa Capital Markets downgraded Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.71.

Kanzhun Company Profile

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.