Kanzhun Limited (NASDAQ:BZ) Stake Lifted by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in Kanzhun Limited (NASDAQ:BZ) by 4.7% in the third quarter, Holdings Channel.com reports. The fund owned 64,978 shares of the company’s stock after acquiring an additional 2,919 shares during the period. GSA Capital Partners LLP’s holdings in Kanzhun were worth $1,128,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in Kanzhun during the third quarter valued at approximately $64,220,000. RWC Asset Advisors US LLC increased its holdings in shares of Kanzhun by 79.8% during the 2nd quarter. RWC Asset Advisors US LLC now owns 5,700,186 shares of the company’s stock worth $107,220,000 after purchasing an additional 2,529,725 shares during the period. GGV Capital LLC raised its holdings in Kanzhun by 350.8% in the 1st quarter. GGV Capital LLC now owns 2,366,764 shares of the company’s stock valued at $41,489,000 after acquiring an additional 1,841,764 shares in the last quarter. WCM Investment Management LLC boosted its stake in Kanzhun by 109.3% during the third quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock worth $54,251,000 after buying an additional 1,649,411 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Kanzhun by 3,918.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,648,976 shares of the company’s stock valued at $28,626,000 after acquiring an additional 1,607,941 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BZ. Barclays cut their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Daiwa America upgraded shares of Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Finally, Daiwa Capital Markets downgraded shares of Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Kanzhun has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

Kanzhun Stock Performance

Shares of BZ stock opened at $13.49 on Friday. The company has a market cap of $5.14 billion, a PE ratio of 31.33 and a beta of 0.55. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The stock’s fifty day moving average price is $14.88 and its two-hundred day moving average price is $16.78.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, topping 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 firm had revenue of $263.75 million for the quarter, compared to analyst estimates of $264.38 million. On average, equities analysts predict that Kanzhun Limited will post 0.47 EPS for the current fiscal year.

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.