Robeco Institutional Asset Management B.V. Trims Holdings in Kanzhun Limited (NASDAQ:BZ)

Robeco Institutional Asset Management B.V. lowered its holdings in Kanzhun Limited (NASDAQ:BZ) by 38.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 564,792 shares of the company’s stock after selling 357,358 shares during the period. Robeco Institutional Asset Management B.V. owned 0.15% of Kanzhun worth $7,794,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kanzhun by 812.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock valued at $123,607,000 after acquiring an additional 6,339,911 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Kanzhun during the third quarter worth $64,220,000. National Bank of Canada FI acquired a new position in Kanzhun in the third quarter worth $45,482,000. Nomura Asset Management Co. Ltd. increased its stake in Kanzhun by 7,012.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock valued at $40,378,000 after purchasing an additional 2,293,229 shares during the last quarter. Finally, WCM Investment Management LLC raised 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 worth $54,251,000 after purchasing an additional 1,649,411 shares during the period. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BZ shares. Sanford C. Bernstein cut Kanzhun from an “outperform” rating to a “market perform” rating and cut their target price for the company from $19.00 to $15.00 in a research note on Monday, December 9th. 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. Citigroup decreased their target price 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. Finally, CLSA started coverage on Kanzhun in a report on Monday, November 18th. They set an “outperform” rating and a $18.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Kanzhun currently has an average rating of “Moderate Buy” and an average target price of $21.00.

Kanzhun Stock Performance

Kanzhun stock opened at $14.41 on Friday. The company has a 50 day moving average price of $13.94 and a 200 day moving average price of $14.23. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 32.02 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. Equities analysts forecast that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.

Kanzhun 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.