Robeco Institutional Asset Management B.V. Has $7.79 Million Stake in Kanzhun Limited (NASDAQ:BZ)

Robeco Institutional Asset Management B.V. cut its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 38.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 564,792 shares of the company's stock after selling 357,358 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Kanzhun worth $7,794,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its holdings in Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company's stock worth $40,378,000 after acquiring an additional 2,293,229 shares during the last quarter. Barclays PLC increased 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 in the last quarter. Monolith Management Ltd acquired a new position in Kanzhun during the 3rd quarter worth $4,340,000. Union Bancaire Privee UBP SA acquired a new position in Kanzhun during the 4th quarter worth $333,000. Finally, WCM Investment Management LLC boosted its position in Kanzhun by 109.3% in the 3rd 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 during the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Analysts Set New Price Targets

BZ has been the topic of a number of recent research reports. CLSA assumed coverage on shares of Kanzhun in a research note on Monday, November 18th. They issued an "outperform" rating and a $18.00 price objective on the stock. Citigroup dropped 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. Sanford C. Bernstein cut Kanzhun from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Finally, Barclays upped their price target on Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Kanzhun currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Kanzhun Price Performance

BZ stock traded down $0.96 during midday trading on Friday, reaching $14.41. 1,914,156 shares of the company were exchanged, compared to its average volume of 2,537,255. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 32.02 and a beta of 0.49. The business has a 50-day moving average price of $13.94 and a two-hundred day moving average price of $14.23. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued 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, analysts anticipate that Kanzhun Limited will post 0.46 earnings per share for the current fiscal 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.