Assenagon Asset Management S.A. Acquires 78,697 Shares of Kanzhun Limited (NASDAQ:BZ)

Assenagon Asset Management S.A. increased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,777,991 shares of the company’s stock after purchasing an additional 78,697 shares during the period. Assenagon Asset Management S.A.’s holdings in Kanzhun were worth $52,136,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its stake in Kanzhun by 94.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 197,972 shares of the company’s stock valued at $3,724,000 after purchasing an additional 96,076 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Kanzhun by 6.9% in the 2nd quarter. American Century Companies Inc. now owns 542,667 shares of the company’s stock valued at $10,208,000 after acquiring an additional 35,197 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Kanzhun by 128.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,408 shares of the company’s stock valued at $1,377,000 after acquiring an additional 41,342 shares in the last quarter. Renaissance Technologies LLC grew its position in Kanzhun by 16.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,203,000 shares of the company’s stock worth $41,438,000 after acquiring an additional 313,100 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in Kanzhun in the 2nd quarter worth about $2,841,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Down 0.3 %

Shares of NASDAQ BZ opened at $14.01 on Thursday. The company has a market capitalization of $5.31 billion, a PE ratio of 31.13 and a beta of 0.49. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a fifty day simple moving average of $13.73 and a 200 day simple moving average of $14.54.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.48% and a net margin of 20.65%. As a group, equities analysts expect that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of recent research reports. Sanford C. Bernstein lowered Kanzhun from an “outperform” rating to a “market perform” rating and cut their price target for the company from $19.00 to $15.00 in a research note on Monday, December 9th. Citigroup cut their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. CLSA started coverage on shares of Kanzhun in a research report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Barclays lifted their price target on shares of Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.