Royal London Asset Management Ltd. Has $7.94 Million Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Royal London Asset Management Ltd. lifted its position in shares of Kanzhun Limited (NASDAQ:BZ) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 422,200 shares of the company’s stock after purchasing an additional 63,200 shares during the quarter. Royal London Asset Management Ltd. owned 0.11% of Kanzhun worth $7,942,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BZ. Norges Bank bought a new stake in Kanzhun during the 4th quarter worth approximately $98,023,000. Goldman Sachs Group Inc. increased its position in shares of Kanzhun by 21.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock worth $82,688,000 after acquiring an additional 877,342 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Kanzhun by 31.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,279 shares of the company’s stock worth $2,634,000 after acquiring an additional 35,700 shares during the period. StepStone Group LP bought a new stake in Kanzhun in the 4th quarter valued at $1,432,000. Finally, Sei Investments Co. lifted its position in Kanzhun by 25.3% in the 1st quarter. Sei Investments Co. now owns 700,049 shares of the company’s stock valued at $12,272,000 after acquiring an additional 141,275 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BZ has been the topic of several research reports. HSBC initiated coverage on Kanzhun in a research note on Friday, May 24th. They issued a “buy” rating and a $30.00 target price on the stock. Barclays cut their price objective on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. UBS Group raised their target price on shares of Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Daiwa Capital Markets cut shares of Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. raised their price objective on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $23.40.

Kanzhun Stock Up 0.3 %

Shares of NASDAQ:BZ opened at $12.16 on Friday. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The business has a 50 day moving average of $14.29 and a 200-day moving average of $17.68. The stock has a market cap of $4.63 billion, a PE ratio of 31.18 and a beta of 0.47.

Kanzhun 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.