Capital World Investors Has $27.17 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Capital World Investors boosted its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 0.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,550,118 shares of the company’s stock after acquiring an additional 2,089 shares during the quarter. Capital World Investors owned 0.41% of Kanzhun worth $27,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BZ. Vanguard Group Inc. increased its position in Kanzhun by 1.7% during the 3rd 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 bought a new position in Kanzhun during the fourth quarter worth $2,326,000. Schwab Charitable Fund acquired a new position in Kanzhun in the fourth quarter valued at $182,000. Asset Management One Co. Ltd. boosted its position in Kanzhun by 62.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 50,885 shares of the company’s stock valued at $830,000 after acquiring an additional 19,483 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Kanzhun by 20.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 178,796 shares of the company’s stock worth $2,970,000 after acquiring an additional 29,744 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Kanzhun Trading Down 0.1 %

BZ opened at $13.71 on Friday. Kanzhun Limited has a 1-year low of $12.57 and a 1-year high of $22.74. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 35.15 and a beta of 0.49. The company’s fifty day moving average price is $19.33 and its two-hundred day moving average price is $17.98.

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

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.