Hsbc Holdings PLC Has $4.36 Million Holdings in Kanzhun Limited (NASDAQ:BZ)

Posted by on Feb 26th, 2023

Hsbc Holdings PLC boosted its position in Kanzhun Limited (NASDAQ:BZ – Get Rating) by 160.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 258,341 shares of the company’s stock after buying an additional 159,140 shares during the quarter. Hsbc Holdings PLC owned approximately 0.07% of Kanzhun worth $4,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Kanzhun by 17.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 20,491,053 shares of the company’s stock worth $538,505,000 after purchasing an additional 2,971,647 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Kanzhun by 40.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,144,794 shares of the company’s stock worth $135,205,000 after purchasing an additional 1,487,391 shares during the last quarter. E Fund Management Co. Ltd. grew its position in Kanzhun by 2.9% in the 3rd quarter. E Fund Management Co. Ltd. now owns 2,390,698 shares of the company’s stock worth $40,355,000 after purchasing an additional 68,486 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Kanzhun by 343.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,189,900 shares of the company’s stock worth $36,966,000 after purchasing an additional 1,695,924 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Kanzhun by 1,029.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,151,941 shares of the company’s stock worth $36,325,000 after purchasing an additional 1,961,413 shares during the last quarter. 48.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of 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 report on Monday, November 14th.

Kanzhun Stock Performance

NASDAQ:BZ opened at $20.57 on Friday. The company has a 50-day moving average of $22.71 and a 200-day moving average of $19.77. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 108.27 and a beta of 0.22. Kanzhun Limited has a 52 week low of $9.74 and a 52 week high of $33.13.

Kanzhun (NASDAQ:BZ – Get Rating) last released its quarterly earnings data on Tuesday, November 29th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $165.68 million during the quarter, compared to the consensus estimate of $165.98 million. Kanzhun had a net margin of 11.79% and a return on equity of 4.73%. Sell-side analysts forecast that Kanzhun Limited will post 0.04 EPS for the current year.

About Kanzhun

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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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Institutional Ownership by Quarter for Kanzhun (NASDAQ:BZ)

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