Kanzhun Limited (NASDAQ:BZ) Position Boosted by Jennison Associates LLC

Jennison Associates LLC raised its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 79.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,329,853 shares of the company's stock after purchasing an additional 1,476,693 shares during the quarter. Jennison Associates LLC owned 0.87% of Kanzhun worth $45,952,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kanzhun by 812.5% in the third 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 buying an additional 6,339,911 shares in the last quarter. State Street Corp boosted its stake in shares of 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 buying an additional 138,804 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Kanzhun by 2.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company's stock valued at $52,136,000 after buying an additional 78,697 shares in the last quarter. Tekne Capital Management LLC boosted its stake in shares of Kanzhun by 16.0% in the third quarter. Tekne Capital Management LLC now owns 3,482,903 shares of the company's stock valued at $60,463,000 after buying an additional 480,083 shares in the last quarter. Finally, WCM Investment Management LLC boosted its stake in shares of Kanzhun by 109.3% in the third quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company's stock valued at $54,251,000 after buying an additional 1,649,411 shares in the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. CLSA assumed coverage on Kanzhun in a report on Monday, November 18th. They set an "outperform" rating and a $18.00 price objective for the company. Barclays lifted their price objective on Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Citigroup reduced their price objective on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a report on Friday, November 29th. Finally, Sanford C. Bernstein cut Kanzhun from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Kanzhun Stock Up 4.4 %

Shares of NASDAQ BZ traded up $0.65 on Friday, hitting $15.41. The company had a trading volume of 2,875,465 shares, compared to its average volume of 2,830,663. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The business has a 50 day moving average of $14.16 and a two-hundred day moving average of $14.20. The firm has a market capitalization of $5.87 billion, a P/E ratio of 34.25 and a beta of 0.49.

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

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.