Kanzhun Limited (NASDAQ:BZ) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 58.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 450,663 shares of the company’s stock after purchasing an additional 166,683 shares during the quarter. Barclays PLC’s holdings in Kanzhun were worth $7,824,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BZ. Blue Trust Inc. increased its holdings in Kanzhun by 21.4% in the 2nd 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 in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Kanzhun by 12.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 584,510 shares of the company’s stock valued at $10,995,000 after buying an additional 63,843 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Kanzhun by 265.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,326,817 shares of the company’s stock worth $24,957,000 after acquiring an additional 964,110 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Kanzhun in the 2nd quarter worth approximately $772,000. Finally, Summit Securities Group LLC acquired a new stake in Kanzhun in the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 0.7 %

NASDAQ:BZ opened at $13.91 on Wednesday. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The company has a market cap of $5.27 billion, a PE ratio of 30.91 and a beta of 0.50. The business’s 50 day moving average is $14.47 and its two-hundred day moving average is $15.56.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.48%. As a group, sell-side analysts expect that Kanzhun Limited will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BZ shares. CLSA began coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 target price on the stock. Citigroup cut their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Monday, December 9th. Finally, Barclays boosted their price target on Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kanzhun currently has an average rating of “Moderate Buy” and a consensus price target 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.