RWC Asset Advisors US LLC Has $29.53 Million Holdings in Kanzhun Limited (NASDAQ:BZ)

RWC Asset Advisors US LLC lifted its holdings in Kanzhun Limited (NASDAQ:BZ) by 97.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,777,557 shares of the company’s stock after buying an additional 876,824 shares during the quarter. Kanzhun accounts for 2.3% of RWC Asset Advisors US LLC’s portfolio, making the stock its 11th biggest holding. RWC Asset Advisors US LLC’s holdings in Kanzhun were worth $29,525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in Kanzhun by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company’s stock worth $191,376,000 after acquiring an additional 216,558 shares during the last quarter. Wellington Management Group LLP lifted its position in Kanzhun by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 5,728,132 shares of the company’s stock worth $86,896,000 after acquiring an additional 421,441 shares during the last quarter. Bamco Inc. NY lifted its position in Kanzhun by 23.5% during the 3rd quarter. Bamco Inc. NY now owns 3,050,770 shares of the company’s stock worth $46,280,000 after acquiring an additional 581,094 shares during the last quarter. Canada Pension Plan Investment Board lifted its position 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 worth $46,237,000 after acquiring an additional 222,649 shares during the last quarter. Finally, E Fund Management Co. Ltd. lifted its position 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 worth $35,917,000 after acquiring an additional 30,771 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Performance

Shares of BZ traded up $0.49 during trading hours on Friday, reaching $20.09. 4,891,018 shares of the company traded hands, compared to its average volume of 3,733,581. The stock has a market cap of $7.54 billion, a P/E ratio of 60.88 and a beta of 0.59. The stock’s fifty day moving average is $17.89 and its 200 day moving average is $16.19. Kanzhun Limited has a 1-year low of $12.57 and a 1-year high of $21.32.

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

Analyst Upgrades and Downgrades

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

Kanzhun Company Profile

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.