1,022,792 Shares in Kanzhun Limited (NASDAQ:BZ) Acquired by Marshall Wace LLP

Marshall Wace LLP acquired a new position in shares of Kanzhun Limited (NASDAQ:BZ) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,022,792 shares of the company’s stock, valued at approximately $19,239,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BZ. Atlas Capital Advisors LLC purchased a new position in shares of Kanzhun in the second quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in Kanzhun in the 2nd quarter valued at about $44,000. Blue Trust Inc. increased its holdings in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after acquiring an additional 1,347 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Kanzhun during the second quarter worth about $204,000. Finally, DNB Asset Management AS lifted its holdings 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 valued at $330,000 after purchasing an additional 3,123 shares in the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays cut their price objective on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Daiwa America raised Kanzhun to a “hold” rating in a report on Thursday, July 25th. Finally, Daiwa Capital Markets lowered Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.40.

Kanzhun Stock Up 6.6 %

Shares of NASDAQ:BZ opened at $17.18 on Friday. The company has a market cap of $6.54 billion, a P/E ratio of 44.05 and a beta of 0.47. The business has a fifty day simple moving average of $13.48 and a 200-day simple moving average of $17.51. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.

Kanzhun (NASDAQ:BZ) last released its earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The business had revenue of $263.75 million for the quarter, compared to analysts’ expectations of $264.38 million. Sell-side analysts expect that Kanzhun Limited will post 0.47 earnings per share 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.