Kanzhun Limited (NASDAQ:BZ) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 18.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,964 shares of the company’s stock after acquiring an additional 32,806 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kanzhun were worth $3,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crossmark Global Holdings Inc. boosted its holdings in Kanzhun by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock valued at $241,000 after acquiring an additional 759 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun during the second quarter worth about $25,000. Blue Trust Inc. lifted 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 purchasing an additional 1,347 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Kanzhun by 6.6% in the first 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. Finally, Summit Securities Group LLC acquired a new stake in Kanzhun during the 2nd quarter worth approximately $44,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Price Performance

Kanzhun stock opened at $14.00 on Tuesday. The stock has a market cap of $5.31 billion, a PE ratio of 32.56 and a beta of 0.55. The stock’s fifty day moving average is $15.09 and its two-hundred day moving average is $16.07. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.

Wall Street Analyst Weigh In

Several equities analysts have commented on BZ shares. Citigroup dropped their price target on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday. CLSA began coverage on Kanzhun in a research note on Monday, November 18th. They set an “outperform” rating and a $18.00 target price for the company. Finally, Barclays reduced their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Kanzhun has a consensus rating of “Moderate Buy” and an average price target of $21.57.

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.