RWC Asset Management LLP Purchases 225,800 Shares of Kanzhun Limited (NASDAQ:BZ)

RWC Asset Management LLP lifted its position in Kanzhun Limited (NASDAQ:BZ) by 68.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 555,316 shares of the company’s stock after purchasing an additional 225,800 shares during the period. RWC Asset Management LLP owned about 0.15% of Kanzhun worth $9,224,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BZ. Deltec Asset Management LLC bought a new stake in Kanzhun in the third quarter valued at $198,000. Robeco Institutional Asset Management B.V. boosted its holdings in Kanzhun by 26.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 590,949 shares of the company’s stock valued at $8,965,000 after acquiring an additional 122,483 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Kanzhun by 42.1% in the third quarter. Bank of New York Mellon Corp now owns 729,838 shares of the company’s stock valued at $11,072,000 after acquiring an additional 216,149 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kanzhun by 55.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,369 shares of the company’s stock valued at $885,000 after acquiring an additional 20,800 shares in the last quarter. Finally, RWC Asset Advisors US LLC bought a new stake in Kanzhun in the third quarter valued at $13,664,000. Institutional investors own 60.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BZ shares. Macquarie raised Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. New Street Research raised Kanzhun from a “neutral” rating to a “buy” rating and raised their price objective for the company from $17.00 to $25.00 in a research report on Wednesday, March 13th. TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Finally, Barclays raised their price objective on Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.38.

Kanzhun Stock Up 2.5 %

Shares of Kanzhun stock traded up $0.49 during trading hours on Friday, reaching $20.09. 4,891,018 shares of the stock traded hands, compared to its average volume of 3,733,581. The company has a 50 day moving average price of $17.89 and a 200 day moving average price of $16.19. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 60.88 and a beta of 0.59. Kanzhun Limited has a one year low of $12.57 and a one year high of $21.32.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $222.57 million during the quarter, compared to the consensus estimate of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. Sell-side analysts anticipate that Kanzhun Limited will post 0.42 earnings per share for the current 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.