Assenagon Asset Management S.A. Has $52.14 Million Stock Position in Kanzhun Limited (NASDAQ:BZ)

Assenagon Asset Management S.A. boosted its holdings in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,777,991 shares of the company's stock after acquiring an additional 78,697 shares during the quarter. Assenagon Asset Management S.A. owned 1.00% of Kanzhun worth $52,136,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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. State Street Corp grew its stake in Kanzhun by 2.8% in the third quarter. State Street Corp now owns 5,084,631 shares of the company's stock valued at $88,269,000 after purchasing an additional 138,804 shares in the last quarter. Tekne Capital Management LLC increased its position in Kanzhun by 16.0% in the 3rd quarter. Tekne Capital Management LLC now owns 3,482,903 shares of the company's stock worth $60,463,000 after purchasing an additional 480,083 shares during the last quarter. WCM Investment Management LLC raised its stake in shares of Kanzhun by 109.3% during the 3rd 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 in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Kanzhun by 3.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,896,010 shares of the company's stock valued at $54,474,000 after buying an additional 100,000 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Kanzhun Trading Down 1.1 %

NASDAQ:BZ traded down $0.15 during trading hours on Thursday, hitting $13.86. 1,453,563 shares of the company traded hands, compared to its average volume of 3,383,626. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a 50-day moving average of $13.73 and a 200 day moving average of $14.54. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 30.80 and a beta of 0.49.

Kanzhun (NASDAQ:BZ - Get Free Report) last released its earnings results 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 net margin of 20.65% and a return on equity of 10.31%. Equities research analysts predict that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on BZ shares. Barclays upped their price target on Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Sanford C. Bernstein cut 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. Citigroup reduced their price objective on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, November 29th. Finally, CLSA began coverage on shares of Kanzhun in a report on Monday, November 18th. They set an "outperform" rating and a $18.00 price objective for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average 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.