Vanguard Group Inc. Has $210.48 Million Stake in Kanzhun Limited (NASDAQ:BZ)

Vanguard Group Inc. raised its position in Kanzhun Limited (NASDAQ:BZ) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,672,081 shares of the company’s stock after acquiring an additional 56,649 shares during the quarter. Vanguard Group Inc.’s holdings in Kanzhun were worth $210,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Kanzhun by 32.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock valued at $56,000 after acquiring an additional 890 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock worth $398,000 after buying an additional 3,470 shares during the period. Royal London Asset Management Ltd. boosted its holdings in shares of Kanzhun by 1.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 342,900 shares of the company’s stock worth $5,696,000 after buying an additional 5,300 shares during the period. UBS Group AG grew its stake in Kanzhun by 1.7% in the 4th quarter. UBS Group AG now owns 399,061 shares of the company’s stock valued at $6,628,000 after buying an additional 6,747 shares during the last quarter. Finally, abrdn plc raised its holdings in Kanzhun by 19.6% in the 4th quarter. abrdn plc now owns 58,056 shares of the company’s stock valued at $964,000 after acquiring an additional 9,520 shares during the period. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Down 1.2 %

Shares of Kanzhun stock opened at $18.40 on Wednesday. The firm’s 50-day moving average price is $20.59 and its two-hundred day moving average price is $17.84. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 47.18 and a beta of 0.49. Kanzhun Limited has a 12-month low of $12.57 and a 12-month high of $22.74.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. Kanzhun had a net margin of 20.55% and a return on equity of 9.73%. The business had revenue of $235.97 million for the quarter, compared to analyst estimates of $230.09 million. On average, sell-side analysts expect that Kanzhun Limited will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their target price on Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. UBS Group increased their price objective on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. TheStreet raised shares of Kanzhun from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. Macquarie raised shares of Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, HSBC initiated coverage on shares of Kanzhun in a report on Friday, May 24th. They issued a “buy” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.67.

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.