Los Angeles Capital Management LLC Purchases New Stake in Kanzhun Limited (NASDAQ:BZ)

Los Angeles Capital Management LLC purchased a new stake in Kanzhun Limited (NASDAQ:BZ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,206 shares of the company’s stock, valued at approximately $600,000.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Kanzhun by 32.0% in the third quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock valued at $56,000 after buying an additional 890 shares during the period. Schwab Charitable Fund acquired a new stake in Kanzhun in the fourth quarter valued at approximately $182,000. DNB Asset Management AS acquired a new stake in Kanzhun in the fourth quarter valued at approximately $207,000. Quadrature Capital Ltd acquired a new stake in Kanzhun in the fourth quarter valued at approximately $348,000. Finally, Daiwa Securities Group Inc. grew its position in Kanzhun by 16.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock valued at $398,000 after acquiring an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BZ has been the subject of a number of recent analyst reports. TheStreet raised shares of Kanzhun from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Macquarie raised shares of Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. JPMorgan Chase & Co. raised their price target on shares of Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. New Street Research raised shares of Kanzhun from a “neutral” rating to a “buy” rating and raised their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, March 13th. Finally, Barclays raised their price target on shares of Kanzhun from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 13th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.67.

Kanzhun Price Performance

Kanzhun stock opened at $19.34 on Wednesday. The company has a market cap of $7.29 billion, a PE ratio of 49.59 and a beta of 0.53. The company has a fifty day moving average price of $20.51 and a two-hundred day moving average price of $17.72. Kanzhun Limited has a 12 month low of $12.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings results on Tuesday, May 21st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Kanzhun had a net margin of 20.55% and a return on equity of 9.73%. The company had revenue of $235.97 million during the quarter, compared to the consensus estimate of $230.09 million. Equities research analysts anticipate that Kanzhun Limited will post 0.52 earnings per share for the current 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.