Mirae Asset Global Investments Co. Ltd. Has $1.64 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Mirae Asset Global Investments Co. Ltd. lowered its stake in Kanzhun Limited (NASDAQ:BZ) by 36.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 94,484 shares of the company’s stock after selling 53,345 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kanzhun were worth $1,638,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Kanzhun during the third quarter worth $64,220,000. RWC Asset Advisors US LLC lifted its position 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 valued at $107,220,000 after acquiring an additional 2,529,725 shares during the period. GGV Capital LLC lifted its position in Kanzhun by 350.8% during the first quarter. GGV Capital LLC now owns 2,366,764 shares of the company’s stock worth $41,489,000 after purchasing an additional 1,841,764 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Kanzhun by 3,918.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,648,976 shares of the company’s stock worth $28,626,000 after buying an additional 1,607,941 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Kanzhun in the 2nd quarter valued at approximately $28,705,000. 60.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on BZ shares. Barclays lowered their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Daiwa Capital Markets downgraded Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, Daiwa America raised shares of Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Kanzhun presently has an average rating of “Moderate Buy” and an average price target of $23.40.

Kanzhun Stock Performance

Shares of NASDAQ:BZ opened at $14.55 on Friday. The firm has a market cap of $5.54 billion, a P/E ratio of 34.77 and a beta of 0.52. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The business’s 50 day simple moving average is $14.54 and its two-hundred day simple moving average is $17.06.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $263.75 million during the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. On average, equities analysts forecast 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.