Kanzhun Limited (NASDAQ:BZ) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 58.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 450,663 shares of the company’s stock after acquiring an additional 166,683 shares during the period. Barclays PLC owned approximately 0.12% of Kanzhun worth $7,824,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BZ. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun during the 2nd quarter valued at approximately $25,000. UMB Bank n.a. acquired a new position in Kanzhun during the third quarter worth $42,000. Summit Securities Group LLC acquired a new position in Kanzhun during the second quarter worth $44,000. Van ECK Associates Corp purchased a new stake in Kanzhun during the third quarter worth $61,000. Finally, Blue Trust Inc. grew its holdings in Kanzhun by 21.4% in the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after purchasing an additional 1,347 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 0.7 %

BZ stock opened at $13.91 on Wednesday. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 30.91 and a beta of 0.50. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The stock’s fifty day simple moving average is $14.47 and its 200-day simple moving average is $15.56.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.48% and a net margin of 20.65%. As a group, analysts anticipate that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.