National Pension Service Raises Holdings in Kanzhun Limited (NASDAQ:BZ)

National Pension Service boosted its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 10.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,500 shares of the company’s stock after acquiring an additional 7,400 shares during the quarter. National Pension Service’s holdings in Kanzhun were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of BZ. Van ECK Associates Corp purchased a new stake in Kanzhun in the 3rd quarter worth approximately $61,000. China Universal Asset Management Co. Ltd. purchased a new stake in Kanzhun in the 4th quarter worth approximately $63,000. Premier Fund Managers Ltd lifted its holdings in Kanzhun by 38.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock worth $180,000 after buying an additional 2,884 shares during the period. DRW Securities LLC purchased a new stake in Kanzhun in the 3rd quarter worth approximately $203,000. Finally, Hancock Whitney Corp purchased a new stake in Kanzhun in the 3rd quarter worth approximately $228,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Kanzhun Stock Up 1.8 %

BZ stock opened at $16.00 on Friday. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a market cap of $6.09 billion, a PE ratio of 35.56 and a beta of 0.49. The business has a 50 day moving average of $14.68 and a 200 day moving average of $14.41.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. On average, research analysts expect that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.

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.