Kanzhun Limited (NASDAQ:BZ) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC reduced its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,343,630 shares of the company’s stock after selling 814,164 shares during the period. WCM Investment Management LLC owned approximately 0.62% of Kanzhun worth $32,108,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its stake in Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock valued at $40,378,000 after acquiring an additional 2,293,229 shares during the period. Barclays PLC raised its holdings in shares of Kanzhun by 58.7% during the third quarter. Barclays PLC now owns 450,663 shares of the company’s stock worth $7,824,000 after purchasing an additional 166,683 shares during the last quarter. Monolith Management Ltd acquired a new position in Kanzhun during the third quarter valued at $4,340,000. Union Bancaire Privee UBP SA acquired a new stake in Kanzhun during the 4th quarter worth about $333,000. Finally, GGV Capital LLC raised its stake in shares of Kanzhun by 57.1% during the 3rd quarter. GGV Capital LLC now owns 825,000 shares of the company’s stock valued at $14,322,000 after buying an additional 300,000 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Trading Up 4.4 %

Shares of Kanzhun stock opened at $15.41 on Friday. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a market capitalization of $5.87 billion, a PE ratio of 34.25 and a beta of 0.49. The firm’s 50-day moving average price is $14.16 and its 200 day moving average price is $14.20.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, sell-side analysts predict that Kanzhun Limited will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays raised their target price on Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. CLSA initiated coverage on shares of Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price for the company. Citigroup dropped their price target 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. Finally, Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $19.00 to $15.00 in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

About Kanzhun

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.