Hancock Whitney Corp Acquires New Shares in Kanzhun Limited (NASDAQ:BZ)

Hancock Whitney Corp bought a new position in shares of Kanzhun Limited (NASDAQ:BZ) during the 3rd quarter, HoldingsChannel reports. The firm bought 13,146 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Crossmark Global Holdings Inc. grew its stake in Kanzhun by 5.8% in the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock valued at $241,000 after purchasing an additional 759 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of Kanzhun in the 2nd quarter valued at about $25,000. Blue Trust Inc. boosted its holdings in shares of Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after buying an additional 1,347 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Kanzhun by 6.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company’s stock worth $565,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Kanzhun during the second quarter valued at approximately $44,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Price Performance

Shares of BZ stock opened at $12.58 on Thursday. The business has a fifty day moving average of $15.05 and a 200 day moving average of $16.28. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 29.26 and a beta of 0.55.

Kanzhun (NASDAQ:BZ) last released its earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $264.38 million. As a group, equities research analysts expect that Kanzhun Limited will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of recent analyst reports. CLSA started coverage on Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 price target on the stock. Barclays reduced their target price 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

About Kanzhun

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.