Kanzhun Limited (NASDAQ:BZ) Shares Bought by Premier Fund Managers Ltd

Premier Fund Managers Ltd raised its position in Kanzhun Limited (NASDAQ:BZ) by 38.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,470 shares of the company’s stock after buying an additional 2,884 shares during the period. Premier Fund Managers Ltd’s holdings in Kanzhun were worth $180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in Kanzhun by 1.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 329,341 shares of the company’s stock valued at $6,028,000 after acquiring an additional 6,203 shares in the last quarter. Swedbank AB acquired a new position in Kanzhun in the 1st quarter valued at about $861,000. WCM Investment Management LLC boosted its holdings in Kanzhun by 109.3% in the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock valued at $54,251,000 after purchasing an additional 1,649,411 shares during the last quarter. Deltec Asset Management LLC acquired a new position in Kanzhun in the 2nd quarter valued at about $934,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Kanzhun by 128.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,408 shares of the company’s stock valued at $1,377,000 after purchasing an additional 41,342 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 1.1 %

Shares of NASDAQ:BZ opened at $13.44 on Thursday. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The company’s 50 day moving average is $14.98 and its two-hundred day moving average is $16.57. The company has a market cap of $5.10 billion, a PE ratio of 31.26 and a beta of 0.55.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The company had revenue of $263.75 million for the quarter, compared to the consensus estimate of $264.38 million. As a group, equities research analysts expect that Kanzhun Limited will post 0.47 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays decreased their target price on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. CLSA assumed coverage on shares of Kanzhun in a report on Monday. They issued an “outperform” rating and a $18.00 price objective on the stock. Daiwa Capital Markets lowered shares of Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Daiwa America raised shares of Kanzhun to a “hold” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kanzhun presently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

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.