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E Fund Management Hong Kong Co. Ltd. raised its position in shares of Kanzhun Limited (NASDAQ:BZ – Get Rating) by 38.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 170,824 shares of the company’s stock after purchasing an additional 47,603 shares during the quarter. Kanzhun accounts for approximately 1.8% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 10th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Kanzhun were worth $3,251,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in shares of Kanzhun by 20.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 24,604,622 shares of the company’s stock valued at $415,328,000 after acquiring an additional 4,113,569 shares during the period. Tiger Global Management LLC grew its stake in shares of Kanzhun by 52.9% during the 3rd quarter. Tiger Global Management LLC now owns 17,820,415 shares of the company’s stock valued at $300,809,000 after acquiring an additional 6,164,992 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Kanzhun by 56.4% during the 4th quarter. JPMorgan Chase & Co. now owns 11,394,415 shares of the company’s stock valued at $232,104,000 after acquiring an additional 4,106,865 shares during the period. BlackRock Inc. grew its stake in shares of Kanzhun by 57.6% during the 3rd quarter. BlackRock Inc. now owns 8,927,652 shares of the company’s stock valued at $150,698,000 after acquiring an additional 3,263,310 shares during the period. Finally, Capital Today Evergreen Fund L.P. grew its stake in shares of Kanzhun by 19.6% during the 4th quarter. Capital Today Evergreen Fund L.P. now owns 5,696,580 shares of the company’s stock valued at $116,039,000 after acquiring an additional 933,452 shares during the period. 54.64% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently issued reports on BZ shares. Macquarie initiated coverage on Kanzhun in a research note on Tuesday, May 2nd. They set an “outperform” rating and a $24.10 price objective for the company. Barclays raised Kanzhun from an “equal weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a report on Thursday, May 25th.
Kanzhun Stock Down 3.3 %
NASDAQ BZ traded down $0.50 during trading hours on Friday, reaching $14.66. The company’s stock had a trading volume of 472,258 shares, compared to its average volume of 2,893,547. The firm’s 50-day moving average price is $16.62 and its 200-day moving average price is $19.51. Kanzhun Limited has a 1 year low of $9.74 and a 1 year high of $28.99. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 244.67 and a beta of 0.24.
Kanzhun (NASDAQ:BZ – Get Rating) last issued its quarterly earnings data on Monday, March 20th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $156.92 million for the quarter, compared to analysts’ expectations of $152.34 million. Kanzhun had a return on equity of 1.39% and a net margin of 3.52%. Equities research analysts anticipate that Kanzhun Limited will post 0.22 EPS for the current fiscal year.
Kanzhun Profile
Kanzhun Limited engages in the provision of online recruitment solutions in the People’s Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.
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