Mirae Asset Global Investments Co. Ltd. Purchases 106,226 Shares of Kanzhun Limited (NASDAQ:BZ)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 112.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 200,710 shares of the company's stock after acquiring an additional 106,226 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Kanzhun worth $2,769,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 worth $123,607,000 after purchasing an additional 6,339,911 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Kanzhun during the third quarter valued at about $64,220,000. National Bank of Canada FI purchased a new position in Kanzhun during the third quarter worth about $45,482,000. Nomura Asset Management Co. Ltd. grew its position in 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 worth $40,378,000 after purchasing an additional 2,293,229 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position 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 buying an additional 1,649,411 shares in the last quarter. Institutional investors own 60.67% of the company's stock.

Kanzhun Trading Down 0.3 %

Shares of NASDAQ:BZ traded down $0.04 during trading on Thursday, reaching $15.90. The company had a trading volume of 4,820,610 shares, compared to its average volume of 3,183,766. The company has a fifty day moving average of $14.26 and a two-hundred day moving average of $14.23. The stock has a market capitalization of $6.06 billion, a P/E ratio of 35.33 and a beta of 0.49. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts predict that Kanzhun Limited will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

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

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.