Alberta Investment Management Corp increases stake in Kanzhun Limited (NASDAQ:BZ)

Alberta Investment Management Corp increased its stake in shares of Kanzhun Limited (NASDAQ:BZ – Free Report) by 42.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,963 shares of the company's stock after acquiring an additional 77,066 shares during the same period. Alberta Investment Management Corp owned about 0.07% of Kanzhun worth $4,268,000 at the end of the last quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Kanzhun by 24.0% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 114,579 shares of the company's stock worth $1,738,000 after buying an additional 22,200 shares in the last quarter. abrdn plc increased its holdings in shares of Kanzhun by 5.6% in the third quarter. abrdn plc now owns 48,536 shares of the company's stock worth $736,000 after buying an additional 2,567 shares in the last quarter. Barclays PLC increased its holdings in Kanzhun by 263.2% in the third quarter. Barclays PLC now owns 393,995 shares of the company's stock valued at $5,978,000 after acquiring an additional 285,505 shares during the same period. Blue Creek Capital Management Ltd increased its position in Kanzhun by 19.5% during the third quarter. Blue Creek Capital Management Ltd now owns 1,703,631 shares of the company's stock valued at $25,844,000 after acquiring an additional 278,316 shares during the same period. Finally, Swiss National Bank increased its position in Kanzhun by 25.8% during the third quarter. Swiss National Bank now owns 515,527 shares of the company's stock valued at $7,821,000 after acquiring an additional 105,600 shares during the same period. 60.67% of the shares are currently held by hedge funds and other institutional investors.

Wall Street analysts comment

BZ has been the subject of several research analyst reports. TheStreet raised Kanzhun from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Barclays increased their price target on Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. Macquarie raised Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. UBS Group increased their price target on Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Finally, New Street Research upgraded Kanzhun from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $25.00 in a research report on Wednesday, March 13. One equities analyst has rated the stock with a “hold” rating and eight have given the company a “buy” rating. According to MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and an average price target of $22.67.

Check out our latest stock report on BZ

Kanzhun shares rise 1.2%

NASDAQ:BZ shares rose $0.26 on Friday, reaching $21.25. 15,562,743 shares of the company traded hands, compared to an average volume of 4,314,075. Kanzhun Limited has a 52-week low of $12.57 and a 52-week high of $22.74. The company has a market cap of $7.98 billion, a P/E ratio of 54.49 and a beta of 0.50. The company has a 50-day moving average of $19.83 and a 200-day moving average of $17.20.

Kanzhun (NASDAQ:BZ – Free Report) last released its quarterly earnings results on Tuesday, March 12. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. The company had revenue of $222.57 million for the quarter, compared to analyst expectations of $215.66 million. On average, equities analysts forecast that Kanzhun Limited will post $0.48 earnings per share for the current year.

Kanzhun Profile

(Free report)

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 brand name BOSS Zhipin. Its services enable corporate clients to access, interact with job seekers and manage their recruitment process.

See also

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