Kanzhun Limited (NASDAQ:BZ) Shares Bought by Tekne Capital Management LLC

Tekne Capital Management LLC lifted its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 16.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,482,903 shares of the company’s stock after acquiring an additional 480,083 shares during the quarter. Kanzhun comprises approximately 24.5% of Tekne Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Tekne Capital Management LLC owned approximately 0.91% of Kanzhun worth $60,463,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its holdings in Kanzhun by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock valued at $241,000 after purchasing an additional 759 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun during the second quarter valued at about $25,000. Blue Trust Inc. increased its position in shares of Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after acquiring an additional 1,347 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Kanzhun by 6.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock worth $565,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in Kanzhun in the second quarter valued at about $44,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Price Performance

Shares of BZ stock traded down $0.28 on Tuesday, hitting $12.36. 168,919 shares of the stock traded hands, compared to its average volume of 4,081,769. The company’s fifty day moving average is $15.05 and its 200 day moving average is $16.37. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The company has a market capitalization of $4.69 billion, a PE ratio of 29.40 and a beta of 0.55.

Kanzhun (NASDAQ:BZ) last issued its earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The company had revenue of $263.75 million for the quarter, compared to analysts’ expectations of $264.38 million. As a group, equities research analysts expect that Kanzhun Limited will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

BZ has been the topic of several analyst reports. Barclays dropped their price objective on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. CLSA began coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 price target for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

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.