Bamco Inc. NY Purchases 222,160 Shares of Kanzhun Limited (NASDAQ:BZ)

Bamco Inc. NY raised its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 11.3% during the third quarter, Holdings Channel reports. The fund owned 2,195,825 shares of the company’s stock after buying an additional 222,160 shares during the period. Bamco Inc. NY’s holdings in Kanzhun were worth $38,120,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BZ. California State Teachers Retirement System lifted its stake in shares of Kanzhun by 80.5% in the 1st quarter. California State Teachers Retirement System now owns 62,681 shares of the company’s stock valued at $1,099,000 after acquiring an additional 27,954 shares during the last quarter. Swedbank AB purchased a new stake in shares of Kanzhun during the first quarter valued at approximately $861,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Kanzhun by 6.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock worth $565,000 after purchasing an additional 1,977 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Kanzhun by 21.7% in the second quarter. DNB Asset Management AS now owns 17,544 shares of the company’s stock worth $330,000 after buying an additional 3,123 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Kanzhun by 20.5% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 210,998 shares of the company’s stock valued at $3,969,000 after buying an additional 35,871 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Price Performance

NASDAQ:BZ opened at $14.00 on Tuesday. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a market capitalization of $5.31 billion, a PE ratio of 32.56 and a beta of 0.55. The firm’s 50-day moving average price is $15.09 and its 200-day moving average price is $16.07.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BZ shares. Barclays decreased their price objective on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. CLSA began coverage on Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 price target for the company. Finally, Citigroup cut their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.57.

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.