New York State Common Retirement Fund Acquires 110,122 Shares of Kanzhun Limited (NASDAQ:BZ)

New York State Common Retirement Fund increased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 191.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,719 shares of the company’s stock after purchasing an additional 110,122 shares during the quarter. New York State Common Retirement Fund’s holdings in Kanzhun were worth $2,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Kanzhun by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company’s stock valued at $191,376,000 after buying an additional 216,558 shares in the last quarter. Wellington Management Group LLP grew its holdings in Kanzhun by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 5,728,132 shares of the company’s stock valued at $86,896,000 after buying an additional 421,441 shares in the last quarter. Bamco Inc. NY grew its holdings in Kanzhun by 23.5% during the 3rd quarter. Bamco Inc. NY now owns 3,050,770 shares of the company’s stock valued at $46,280,000 after buying an additional 581,094 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Kanzhun by 7.9% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,047,912 shares of the company’s stock valued at $46,237,000 after buying an additional 222,649 shares in the last quarter. Finally, E Fund Management Co. Ltd. grew its holdings in Kanzhun by 1.3% during the 3rd quarter. E Fund Management Co. Ltd. now owns 2,367,641 shares of the company’s stock valued at $35,917,000 after buying an additional 30,771 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Down 0.7 %

NASDAQ BZ opened at $20.26 on Tuesday. The company has a fifty day moving average of $18.51 and a two-hundred day moving average of $16.38. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 61.40 and a beta of 0.50. Kanzhun Limited has a 52 week low of $12.57 and a 52 week high of $21.32.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $222.57 million during the quarter, compared to analyst estimates of $215.66 million. Kanzhun had a net margin of 18.28% and a return on equity of 8.44%. Equities research analysts anticipate that Kanzhun Limited will post 0.42 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BZ shares. Barclays raised their target price on shares of Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. TheStreet raised shares of Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Macquarie raised shares of Kanzhun from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, New Street Research raised shares of Kanzhun from a “neutral” rating to a “buy” rating and raised their target price for the company from $17.00 to $25.00 in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

About Kanzhun

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.