Pitcairn Co. Acquires Shares of 42,244 Kanzhun Limited (NASDAQ:BZ)

Pitcairn Co. bought a new position in Kanzhun Limited (NASDAQ:BZ) in the 3rd quarter, Holdings Channel.com reports. The firm bought 42,244 shares of the company’s stock, valued at approximately $733,000.

A number of other large investors have also modified their holdings of BZ. Vanguard Group Inc. increased its holdings in Kanzhun by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company’s stock worth $225,711,000 after purchasing an additional 203,594 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Kanzhun in the first quarter valued at $500,000. California State Teachers Retirement System grew its holdings in Kanzhun by 80.5% during the 1st quarter. California State Teachers Retirement System now owns 62,681 shares of the company’s stock worth $1,099,000 after acquiring an additional 27,954 shares in the last quarter. Swedbank AB bought a new stake in shares of Kanzhun in the 1st quarter worth about $861,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Kanzhun by 6.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock valued at $565,000 after purchasing an additional 1,977 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. CLSA initiated coverage on Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Barclays lowered their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Kanzhun currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Kanzhun Trading Down 1.2 %

Shares of Kanzhun stock opened at $12.76 on Monday. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 29.67 and a beta of 0.55. The business’s 50 day simple moving average is $15.04 and its 200-day simple moving average is $16.45.

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

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.