Royal London Asset Management Ltd. Buys 5,300 Shares of Kanzhun Limited (NASDAQ:BZ)

Royal London Asset Management Ltd. lifted its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 342,900 shares of the company’s stock after purchasing an additional 5,300 shares during the period. Royal London Asset Management Ltd. owned 0.09% of Kanzhun worth $5,696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Kanzhun by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company’s stock worth $191,376,000 after purchasing an additional 216,558 shares in the last quarter. Brilliance Asset Management Ltd. increased its holdings in shares of 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 acquiring an additional 153,010 shares during the last quarter. Norges Bank acquired a new position in shares of Kanzhun during the 4th quarter worth approximately $98,023,000. Wellington Management Group LLP increased its holdings in shares of Kanzhun by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 5,728,132 shares of the company’s stock worth $86,896,000 after acquiring an additional 421,441 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 acquiring an additional 877,342 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

BZ has been the topic of a number of recent analyst reports. TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Macquarie raised Kanzhun from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 12th. UBS Group upped their price objective on Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. JPMorgan Chase & Co. upped their price objective on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Finally, HSBC started coverage on Kanzhun in a report on Friday, May 24th. They issued a “buy” rating and a $30.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Kanzhun presently has an average rating of “Moderate Buy” and an average target price of $22.67.

Kanzhun Price Performance

Shares of BZ stock traded up $0.03 on Friday, hitting $20.28. 7,850,177 shares of the company’s stock were exchanged, compared to its average volume of 4,051,142. The stock has a market cap of $7.61 billion, a P/E ratio of 52.00 and a beta of 0.53. Kanzhun Limited has a 12 month low of $12.57 and a 12 month high of $22.74. The company has a 50 day moving average of $20.35 and a 200 day moving average of $17.46.

Kanzhun (NASDAQ:BZ) last posted its 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. The firm had revenue of $235.97 million during the quarter, compared to the consensus estimate of $230.09 million. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. Sell-side analysts predict that Kanzhun Limited will post 0.52 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.