SG Americas Securities LLC lifted its holdings in shares of Kanzhun Limited (NASDAQ:BZ – Get Rating) by 17.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,552 shares of the company’s stock after buying an additional 5,714 shares during the period. SG Americas Securities LLC’s holdings in Kanzhun were worth $651,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Kanzhun by 17.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 20,491,053 shares of the company’s stock worth $538,505,000 after acquiring an additional 2,971,647 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Kanzhun by 343.3% in the third quarter. Assenagon Asset Management S.A. now owns 2,189,900 shares of the company’s stock valued at $36,966,000 after acquiring an additional 1,695,924 shares in the last quarter. Whale Rock Capital Management LLC bought a new position in Kanzhun during the 2nd quarter valued at $39,271,000. Goldman Sachs Group Inc. grew its holdings in Kanzhun by 40.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,144,794 shares of the company’s stock worth $135,205,000 after acquiring an additional 1,487,391 shares in the last quarter. Finally, Hhlr Advisors LTD. bought a new stake in shares of Kanzhun in the 2nd quarter worth about $21,713,000. Institutional investors and hedge funds own 48.38% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on BZ shares. The Goldman Sachs Group upgraded Kanzhun from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $27.50 to $23.00 in a research note on Monday, November 14th. Barclays decreased their price target on Kanzhun from $21.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, October 28th.
Kanzhun Stock Performance
Kanzhun (NASDAQ:BZ – Get Rating) last announced its quarterly earnings results on Tuesday, November 29th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $165.68 million for the quarter, compared to analysts’ expectations of $165.98 million. Kanzhun had a return on equity of 4.73% and a net margin of 11.79%. Equities analysts forecast that Kanzhun Limited will post 0.04 earnings per share for the current year.
Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the People's Republic of China. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations. The company was founded in 2013 and is headquartered in Beijing, the People's Republic of China.
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