WCM Investment Management LLC Has $54.25 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

WCM Investment Management LLC raised its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 109.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,157,794 shares of the company's stock after buying an additional 1,649,411 shares during the period. WCM Investment Management LLC owned 0.83% of Kanzhun worth $54,251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in Kanzhun by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company's stock worth $241,000 after acquiring an additional 759 shares during the period. Atlas Capital Advisors LLC acquired a new position in shares of Kanzhun during the 2nd quarter worth about $25,000. Blue Trust Inc. boosted its stake in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock valued at $134,000 after purchasing an additional 1,347 shares during the period. DekaBank Deutsche Girozentrale increased its position in Kanzhun by 6.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company's stock worth $565,000 after buying an additional 1,977 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of Kanzhun during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 60.67% of the company's stock.

Analyst Ratings Changes

BZ has been the subject of several research reports. Daiwa America upgraded shares of Kanzhun to a "hold" rating in a research note on Thursday, July 25th. Daiwa Capital Markets cut Kanzhun from a "buy" rating to a "neutral" rating in a research report on Thursday, July 25th. Finally, Barclays reduced their target price on Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.40.

Kanzhun Stock Performance

Kanzhun stock traded down $0.37 during midday trading on Monday, reaching $14.52. The stock had a trading volume of 2,780,048 shares, compared to its average volume of 4,117,322. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The firm's fifty day simple moving average is $14.77 and its 200-day simple moving average is $16.88. The stock has a market capitalization of $5.53 billion, a P/E ratio of 33.77 and a beta of 0.55.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $263.75 million during the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. On average, sell-side analysts anticipate that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

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.