Candriam S.C.A. Has $38.73 Million Position in Kanzhun Limited (NASDAQ:BZ)

Candriam S.C.A. boosted its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 168.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,059,000 shares of the company’s stock after acquiring an additional 1,292,000 shares during the period. Candriam S.C.A. owned 0.54% of Kanzhun worth $38,728,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. RWC Asset Management LLP boosted its holdings in Kanzhun by 75.9% during the second quarter. RWC Asset Management LLP now owns 1,540,262 shares of the company’s stock worth $28,972,000 after buying an additional 664,657 shares during the last quarter. RWC Asset Advisors US LLC grew its holdings in Kanzhun by 79.8% during the second quarter. RWC Asset Advisors US LLC now owns 5,700,186 shares of the company’s stock valued at $107,220,000 after purchasing an additional 2,529,725 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Kanzhun in the second quarter valued at approximately $204,000. Atlas Capital Advisors LLC bought a new stake in Kanzhun in the second quarter valued at approximately $25,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Kanzhun by 3.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,038,103 shares of the company’s stock worth $19,527,000 after purchasing an additional 30,491 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 0.9 %

BZ stock opened at $12.47 on Friday. The company’s 50-day moving average price is $15.06 and its two-hundred day moving average price is $17.79. The firm has a market cap of $4.74 billion, a P/E ratio of 31.97 and a beta of 0.47. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

Analysts Set New Price Targets

Several brokerages recently issued reports on BZ. HSBC initiated coverage on Kanzhun in a research report on Friday, May 24th. They issued a “buy” rating and a $30.00 price objective for the company. Daiwa America raised Kanzhun to a “hold” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Barclays dropped their target price on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group upped their price target on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Kanzhun has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

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.