abrdn plc grew its stake in shares of Kanzhun Limited (NASDAQ:BZ – Get Rating) by 66.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,828 shares of the company’s stock after purchasing an additional 17,038 shares during the period. abrdn plc’s holdings in Kanzhun were worth $872,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. KBC Group NV purchased a new stake in shares of Kanzhun during the 3rd quarter worth $38,000. Boston Partners purchased a new stake in shares of Kanzhun in the 3rd quarter worth about $120,000. Shell Asset Management Co. purchased a new stake in shares of Kanzhun in the 4th quarter worth about $149,000. Macquarie Group Ltd. boosted its position in shares of Kanzhun by 132.6% in the 3rd quarter. Macquarie Group Ltd. now owns 9,776 shares of the company’s stock worth $165,000 after buying an additional 5,573 shares in the last quarter. Finally, National Pension Service boosted its position in shares of Kanzhun by 423.1% in the 2nd quarter. National Pension Service now owns 6,800 shares of the company’s stock worth $179,000 after buying an additional 5,500 shares in the last quarter. 48.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on BZ shares. Barclays boosted their price objective on shares of Kanzhun from $16.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 29th. Macquarie initiated coverage on Kanzhun in a research note on Tuesday, May 2nd. They issued an “outperform” rating and a $24.10 price target on the stock.
Kanzhun Price Performance
NASDAQ:BZ opened at $15.33 on Thursday. Kanzhun Limited has a fifty-two week low of $9.74 and a fifty-two week high of $29.44. The stock’s 50-day moving average is $18.05 and its two-hundred day moving average is $19.59. The stock has a market cap of $5.74 billion, a PE ratio of 306.60 and a beta of 0.25.
Kanzhun (NASDAQ:BZ – Get Rating) last released its earnings results on Monday, March 20th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). Kanzhun had a return on equity of 1.00% and a net margin of 2.56%. The company had revenue of $156.92 million for the quarter, compared to analysts’ expectations of $152.34 million. On average, equities research analysts anticipate that Kanzhun Limited will post 0.23 earnings per share for the current year.
Kanzhun Company Profile
Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the People’s Republic of China. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations. The company was founded in 2013 and is headquartered in Beijing, the People’s Republic of China.