Kanzhun Limited (NASDAQ:BZ) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC raised its position in shares of Kanzhun Limited (NASDAQ:BZ) by 79.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,329,853 shares of the company’s stock after buying an additional 1,476,693 shares during the quarter. Jennison Associates LLC owned about 0.87% of Kanzhun worth $45,952,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BZ. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Kanzhun by 7,012.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock valued at $40,378,000 after buying an additional 2,293,229 shares during the period. Barclays PLC lifted its holdings in Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company’s stock worth $7,824,000 after acquiring an additional 166,683 shares during the last quarter. Monolith Management Ltd acquired a new position in Kanzhun in the third quarter valued at approximately $4,340,000. Union Bancaire Privee UBP SA acquired a new position in Kanzhun in the fourth quarter valued at approximately $333,000. Finally, WCM Investment Management LLC grew its holdings in shares of Kanzhun by 109.3% during the third quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock valued at $54,251,000 after purchasing an additional 1,649,411 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analyst Ratings Changes

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

Kanzhun Price Performance

Shares of NASDAQ:BZ opened at $15.25 on Wednesday. The stock’s 50 day moving average price is $14.04 and its 200 day moving average price is $14.20. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 33.89 and a beta of 0.49. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, sell-side analysts expect that Kanzhun Limited will post 0.46 EPS for the current year.

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.