Bamco Inc. NY Purchases 222,160 Shares of Kanzhun Limited (NASDAQ:BZ)

Bamco Inc. NY increased its holdings in Kanzhun Limited (NASDAQ:BZ) by 11.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,195,825 shares of the company’s stock after acquiring an additional 222,160 shares during the period. Bamco Inc. NY owned about 0.58% of Kanzhun worth $38,120,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in Kanzhun by 5.8% in the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after acquiring an additional 759 shares during the period. Atlas Capital Advisors LLC bought a new stake in shares of Kanzhun in the 2nd quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after purchasing an additional 1,347 shares during the period. DekaBank Deutsche Girozentrale increased its position in 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 buying an additional 1,977 shares during the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Kanzhun in the second quarter valued at $44,000. 60.67% of the stock is owned by institutional investors.

Kanzhun Stock Performance

Kanzhun stock opened at $14.00 on Tuesday. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The stock has a market cap of $5.31 billion, a P/E ratio of 32.56 and a beta of 0.55. The firm’s fifty day moving average price is $15.09 and its 200-day moving average price is $16.07.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BZ. Citigroup cut their price target on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday. CLSA assumed 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. Finally, Barclays cut their price objective on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.57.

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.