Public Sector Pension Investment Board Acquires 14,900 Shares of Kanzhun Limited (NASDAQ:BZ)

Public Sector Pension Investment Board lifted its holdings in Kanzhun Limited (NASDAQ:BZ) by 20.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,306 shares of the company’s stock after acquiring an additional 14,900 shares during the period. Public Sector Pension Investment Board’s holdings in Kanzhun were worth $1,680,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BZ. Atlas Capital Advisors LLC purchased a new stake in Kanzhun in the 2nd quarter worth about $25,000. Blue Trust Inc. increased 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 acquiring an additional 1,347 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Kanzhun by 6.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock worth $565,000 after acquiring an additional 1,977 shares during the period. Summit Securities Group LLC purchased a new position in shares of Kanzhun during the second quarter worth approximately $44,000. Finally, DNB Asset Management AS raised its stake in Kanzhun by 21.7% in the second quarter. DNB Asset Management AS now owns 17,544 shares of the company’s stock worth $330,000 after buying an additional 3,123 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BZ. Daiwa Capital Markets downgraded shares of Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Barclays reduced their price objective on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Daiwa America raised shares of Kanzhun to a “hold” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.40.

Kanzhun Trading Up 1.0 %

Shares of BZ stock opened at $17.36 on Tuesday. The business’s fifty day simple moving average is $13.51 and its 200-day simple moving average is $17.46. The company has a market cap of $6.60 billion, a PE ratio of 44.51 and a beta of 0.47. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $263.75 million for the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. On average, equities analysts forecast that Kanzhun Limited will post 0.47 earnings per share for the current year.

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.