Matthews International Capital Management LLC lifted its position in shares of Kanzhun Limited (NASDAQ:BZ – Get Rating) by 33.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 567,648 shares of the company’s stock after purchasing an additional 142,348 shares during the period. Kanzhun accounts for approximately 1.4% of Matthews International Capital Management LLC’s portfolio, making the stock its 18th largest position. Matthews International Capital Management LLC owned 0.16% of Kanzhun worth $9,582,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Prelude Capital Management LLC boosted its holdings in shares of Kanzhun by 25.8% during the second quarter. Prelude Capital Management LLC now owns 14,738 shares of the company’s stock worth $387,000 after purchasing an additional 3,023 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Kanzhun by 44.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 15,210 shares of the company’s stock worth $264,000 after purchasing an additional 4,675 shares during the period. National Pension Service lifted its holdings in Kanzhun by 423.1% in the second quarter. National Pension Service now owns 6,800 shares of the company’s stock worth $179,000 after buying an additional 5,500 shares during the period. SG Americas Securities LLC lifted its holdings in Kanzhun by 17.4% in the third quarter. SG Americas Securities LLC now owns 38,552 shares of the company’s stock worth $651,000 after buying an additional 5,714 shares during the period. Finally, IFM Investors Pty Ltd purchased a new stake in Kanzhun in the third quarter worth about $170,000. 48.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BZ has been the subject of several research analyst reports. Barclays lowered their price objective on shares of Kanzhun from $21.00 to $15.00 and set an “equal weight” rating for the company in a report on Friday, October 28th. The Goldman Sachs Group raised shares of Kanzhun from a “neutral” rating to a “buy” rating and reduced their price target for the company from $27.50 to $23.00 in a research report on Monday, November 14th.
Kanzhun Price Performance
Kanzhun (NASDAQ:BZ – Get Rating) last released its earnings results on Tuesday, November 29th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Kanzhun had a net margin of 11.79% and a return on equity of 4.73%. The company had revenue of $165.68 million for the quarter, compared to analysts’ expectations of $165.98 million. As a group, research analysts anticipate that Kanzhun Limited will post 0.04 EPS for the current year.
Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the People's Republic of China. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations. The company was founded in 2013 and is headquartered in Beijing, the People's Republic of China.
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