M&T Bank Corp Buys 22,706 Shares of Kanzhun Limited (NASDAQ:BZ)

M&T Bank Corp raised its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 25.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 110,783 shares of the company’s stock after purchasing an additional 22,706 shares during the period. M&T Bank Corp’s holdings in Kanzhun were worth $1,923,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors LLC bought a new stake in shares of Kanzhun during the 2nd quarter valued at $25,000. UMB Bank n.a. bought a new stake in Kanzhun during the third quarter valued at about $42,000. Summit Securities Group LLC purchased a new position in shares of Kanzhun in the second quarter valued at about $44,000. Van ECK Associates Corp bought a new position in shares of Kanzhun in the third quarter worth about $61,000. Finally, Blue Trust Inc. grew 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 purchasing an additional 1,347 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Price Performance

Shares of NASDAQ BZ opened at $14.58 on Friday. The stock has a market capitalization of $5.53 billion, a P/E ratio of 32.40 and a beta of 0.50. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The business’s 50 day moving average is $14.58 and its two-hundred day moving average is $15.64.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.48% and a net margin of 20.65%. As a group, equities research analysts anticipate that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. CLSA began coverage on Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Citigroup dropped their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $19.00 to $15.00 in a report on Monday, December 9th. Finally, Barclays increased their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

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.