Kanzhun Limited (NASDAQ:BZ) Stock Holdings Lifted by Nordea Investment Management AB

Nordea Investment Management AB lifted its position in Kanzhun Limited (NASDAQ:BZ) by 13.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 282,510 shares of the company’s stock after acquiring an additional 34,284 shares during the quarter. Nordea Investment Management AB’s holdings in Kanzhun were worth $3,928,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kanzhun by 812.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock valued at $123,607,000 after acquiring an additional 6,339,911 shares in the last quarter. Federated Hermes Inc. grew its position in Kanzhun by 10.4% during the second quarter. Federated Hermes Inc. now owns 5,368,870 shares of the company’s stock valued at $100,988,000 after purchasing an additional 507,337 shares in the last quarter. State Street Corp increased its stake in Kanzhun by 2.8% in the 3rd quarter. State Street Corp now owns 5,084,631 shares of the company’s stock valued at $88,269,000 after buying an additional 138,804 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Kanzhun in the 3rd quarter worth approximately $64,220,000. Finally, Tekne Capital Management LLC boosted its stake in shares of Kanzhun by 16.0% during the 3rd quarter. Tekne Capital Management LLC now owns 3,482,903 shares of the company’s stock valued at $60,463,000 after buying an additional 480,083 shares during the period. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BZ. CLSA started coverage on shares of Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $19.00 to $15.00 in a research note on Monday, December 9th. Barclays increased their price objective on Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Citigroup reduced their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Kanzhun Stock Down 3.0 %

NASDAQ:BZ opened at $12.92 on Friday. The company’s 50 day moving average is $13.80 and its 200-day moving average is $14.69. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 28.71 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last announced its earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.48%. Research analysts predict that Kanzhun Limited will post 0.47 EPS 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.