Healthcare of Ontario Pension Plan Trust Fund Purchases 1,174,000 Shares of Kanzhun Limited (NASDAQ:BZ)

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 83.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,585,700 shares of the company's stock after buying an additional 1,174,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.68% of Kanzhun worth $44,888,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tekne Capital Management LLC raised 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 valued at $60,463,000 after purchasing an additional 480,083 shares during the last quarter. Hancock Whitney Corp bought a new position in Kanzhun in the 3rd quarter valued at $228,000. DRW Securities LLC bought a new position in Kanzhun in the 3rd quarter valued at $203,000. Monolith Management Ltd bought a new position in Kanzhun in the 3rd quarter valued at $4,340,000. Finally, Pitcairn Co. bought a new position in Kanzhun in the 3rd quarter valued at $733,000. Institutional investors own 60.67% of the company's stock.

Kanzhun Stock Up 3.3 %

Shares of Kanzhun stock traded up $0.40 during trading on Thursday, reaching $12.58. 12,449,415 shares of the company were exchanged, compared to its average volume of 4,136,171. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The business has a 50-day moving average price of $15.05 and a 200-day moving average price of $16.28. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 29.26 and a beta of 0.55.

Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. The business had revenue of $263.75 million during the quarter, compared to analysts' expectations of $264.38 million. On average, equities research analysts forecast that Kanzhun Limited will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays lowered their target price on Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. CLSA assumed coverage on Kanzhun in a research note on Monday, November 18th. They issued an "outperform" rating and a $18.00 target price for the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.50.

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.