Kanzhun Limited (NASDAQ:BZ) is Blue Creek Capital Management Ltd's 2nd Largest Position

Blue Creek Capital Management Ltd trimmed its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 917,219 shares of the company's stock after selling 150,000 shares during the quarter. Kanzhun comprises about 17.3% of Blue Creek Capital Management Ltd's investment portfolio, making the stock its 2nd largest holding. Blue Creek Capital Management Ltd owned approximately 0.24% of Kanzhun worth $12,658,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its holdings in shares of 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 acquiring an additional 2,293,229 shares in the last quarter. Barclays PLC increased its holdings in Kanzhun by 58.7% in the 3rd quarter. Barclays PLC now owns 450,663 shares of the company's stock worth $7,824,000 after buying an additional 166,683 shares during the period. Monolith Management Ltd acquired a new position in Kanzhun in the 3rd quarter worth approximately $4,340,000. Union Bancaire Privee UBP SA acquired a new position in Kanzhun in the 4th quarter worth approximately $333,000. Finally, WCM Investment Management LLC increased its holdings in Kanzhun by 109.3% in the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company's stock worth $54,251,000 after buying an additional 1,649,411 shares during the period. Institutional investors and hedge funds own 60.67% of the company's stock.

Kanzhun Price Performance

Shares of NASDAQ:BZ opened at $16.00 on Monday. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 35.56 and a beta of 0.49. The business's 50 day moving average price is $14.68 and its 200-day moving average price is $14.41.

Kanzhun (NASDAQ:BZ - Get Free Report) last announced its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that Kanzhun Limited will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BZ shares. Sanford C. Bernstein downgraded shares of Kanzhun from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Barclays increased their price target on shares of Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. CLSA started coverage on shares of Kanzhun in a report on Monday, November 18th. They issued an "outperform" rating and a $18.00 price target on the stock. Finally, Citigroup cut their price target on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $21.00.

Kanzhun Company 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.

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