Kanzhun Limited (NASDAQ:BZ) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 86.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,068,555 shares of the company's stock after buying an additional 1,419,579 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.81% of Kanzhun worth $41,855,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its holdings in shares of Kanzhun by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company's stock worth $241,000 after purchasing an additional 759 shares during the period. Premier Fund Managers Ltd grew its holdings 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 worth $180,000 after purchasing an additional 2,884 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Kanzhun by 4.7% during the 3rd quarter. GSA Capital Partners LLP now owns 64,978 shares of the company's stock worth $1,128,000 after purchasing an additional 2,919 shares during the period. Van ECK Associates Corp purchased a new position in shares of Kanzhun during the 3rd quarter worth $61,000. Finally, China Universal Asset Management Co. Ltd. purchased a new position in shares of Kanzhun during the 4th quarter worth $63,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Stock Down 4.6 %

NASDAQ:BZ traded down $0.77 during mid-day trading on Tuesday, reaching $15.73. 3,512,015 shares of the stock were exchanged, compared to its average volume of 3,307,707. The company has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $14.29. The stock has a market capitalization of $5.99 billion, a P/E ratio of 34.95 and a beta of 0.49. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 EPS 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%. As a group, research analysts predict that Kanzhun Limited will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BZ shares. Barclays increased their target price on Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. CLSA started coverage on Kanzhun in a research note on Monday, November 18th. They set an "outperform" rating and a $18.00 target price on the stock. Citigroup decreased their target price on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, November 29th. Finally, Sanford C. Bernstein lowered Kanzhun from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $19.00 to $15.00 in a research report on Monday, December 9th. Four investment 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.com, Kanzhun currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

About Kanzhun

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.