Matthews International Capital Management LLC Boosts Holdings in Kanzhun Limited (NASDAQ:BZ)

Matthews International Capital Management LLC grew its holdings in Kanzhun Limited (NASDAQ:BZFree Report) by 84.3% during the 4th quarter, Holdings Channel reports. The fund owned 848,290 shares of the company’s stock after buying an additional 388,080 shares during the period. Kanzhun comprises 2.4% of Matthews International Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Matthews International Capital Management LLC’s holdings in Kanzhun were worth $11,706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. UMB Bank n.a. purchased a new stake in shares of Kanzhun in the 3rd quarter worth $42,000. Van ECK Associates Corp bought a new position in shares of Kanzhun in the third quarter worth about $61,000. Premier Fund Managers Ltd lifted its position in shares of Kanzhun by 38.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock valued at $180,000 after buying an additional 2,884 shares in the last quarter. DRW Securities LLC bought a new position in shares of Kanzhun during the 3rd quarter valued at approximately $203,000. Finally, Hancock Whitney Corp purchased a new stake in Kanzhun in the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Up 0.3 %

Shares of Kanzhun stock opened at $14.89 on Tuesday. The firm has a market cap of $5.67 billion, a PE ratio of 33.09 and a beta of 0.49. The stock has a 50 day moving average of $13.77 and a 200 day moving average of $14.32. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZGet Free Report) last posted its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. As a group, equities research analysts forecast that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on Kanzhun

Kanzhun Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kanzhun (NASDAQ:BZ)

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