WCM Investment Management LLC Reduces Position in Kanzhun Limited (NASDAQ:BZ)

WCM Investment Management LLC reduced its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,343,630 shares of the company's stock after selling 814,164 shares during the quarter. WCM Investment Management LLC owned approximately 0.62% of Kanzhun worth $32,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BZ. Nomura Asset Management Co. Ltd. raised its position in shares of Kanzhun by 7,012.9% in the 3rd 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 during the period. Barclays PLC raised its holdings in shares of Kanzhun by 58.7% in the third quarter. Barclays PLC now owns 450,663 shares of the company's stock valued at $7,824,000 after purchasing an additional 166,683 shares during the last quarter. Monolith Management Ltd acquired a new position in shares of Kanzhun during the 3rd quarter worth about $4,340,000. Union Bancaire Privee UBP SA acquired a new position in Kanzhun during the fourth quarter valued at approximately $333,000. Finally, GGV Capital LLC grew its position in shares of Kanzhun by 57.1% in the 3rd quarter. GGV Capital LLC now owns 825,000 shares of the company's stock valued at $14,322,000 after acquiring an additional 300,000 shares during the period. 60.67% of the stock is owned by institutional investors.

Kanzhun Stock Up 8.4 %

NASDAQ:BZ traded up $1.24 during midday trading on Wednesday, hitting $15.94. The stock had a trading volume of 5,472,055 shares, compared to its average volume of 3,125,277. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 35.42 and a beta of 0.49. The stock has a 50-day moving average of $14.21 and a 200 day moving average of $14.21.

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 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 fiscal year.

Analyst Ratings Changes

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