Kanzhun Limited (NASDAQ:BZ) is E Fund Management Co. Ltd.’s 6th Largest Position

E Fund Management Co. Ltd. boosted its holdings in Kanzhun Limited (NASDAQ:BZ) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,422,718 shares of the company’s stock after acquiring an additional 55,077 shares during the quarter. Kanzhun comprises approximately 2.5% of E Fund Management Co. Ltd.’s portfolio, making the stock its 6th biggest holding. E Fund Management Co. Ltd.’s holdings in Kanzhun were worth $40,241,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in BZ. PNC Financial Services Group Inc. boosted its position in shares of Kanzhun by 32.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock worth $56,000 after buying an additional 890 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Kanzhun during the 3rd quarter worth approximately $182,000. Schwab Charitable Fund purchased a new stake in Kanzhun in the 4th quarter valued at approximately $182,000. DNB Asset Management AS purchased a new position in Kanzhun during the fourth quarter worth $207,000. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Kanzhun by 16.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock worth $398,000 after acquiring an additional 3,470 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Kanzhun Trading Up 1.6 %

BZ traded up $0.32 during trading on Thursday, hitting $20.37. 5,611,954 shares of the company’s stock were exchanged, compared to its average volume of 3,527,099. The stock has a 50 day moving average price of $18.69 and a 200 day moving average price of $16.44. Kanzhun Limited has a 1 year low of $12.57 and a 1 year high of $21.32. The firm has a market cap of $7.65 billion, a P/E ratio of 61.73 and a beta of 0.50.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $222.57 million for the quarter, compared to analysts’ expectations of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. Analysts forecast that Kanzhun Limited will post 0.42 earnings per share for the current fiscal 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.