Kanzhun (NASDAQ:BZ) Shares Up 4.4% – Time to Buy?

Shares of Kanzhun Limited (NASDAQ:BZ) were up 4.4% during trading on Thursday . The stock traded as high as $17.99 and last traded at $17.90. Approximately 859,954 shares traded hands during trading, a decline of 78% from the average daily volume of 3,838,316 shares. The stock had previously closed at $17.14.

Analyst Ratings Changes

A number of research firms have recently commented on BZ. Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Citigroup dropped 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, November 29th. Barclays lifted their price objective on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, CLSA started coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Kanzhun has an average rating of “Moderate Buy” and an average target price of $21.00.

Kanzhun Stock Performance

The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 38.46 and a beta of 0.49. The stock’s fifty day moving average is $14.83 and its two-hundred day moving average is $14.46.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. Sell-side analysts anticipate that Kanzhun Limited will post 0.46 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC lifted its holdings in Kanzhun by 49.6% during the 4th quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company’s stock worth $226,001,000 after buying an additional 5,432,730 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Kanzhun by 7.1% during the 4th quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock valued at $204,774,000 after acquiring an additional 986,213 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kanzhun by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock worth $198,687,000 after purchasing an additional 1,885,658 shares during the last quarter. Capital World Investors boosted its holdings in Kanzhun by 636.3% in the fourth quarter. Capital World Investors now owns 13,828,732 shares of the company’s stock worth $190,837,000 after purchasing an additional 11,950,467 shares during the period. Finally, WFM ASIA BVI Ltd increased its stake in Kanzhun by 30.7% during the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company’s stock valued at $109,121,000 after purchasing an additional 1,855,500 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

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.