25,322 Shares in Kanzhun Limited (NASDAQ:BZ) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA bought a new stake in shares of Kanzhun Limited (NASDAQ:BZ) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,322 shares of the company’s stock, valued at approximately $333,000.

Other hedge funds also recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in Kanzhun by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after acquiring an additional 759 shares during the last quarter. UMB Bank n.a. acquired a new stake in shares of Kanzhun during the third quarter worth $42,000. Premier Fund Managers Ltd increased its stake in Kanzhun by 38.0% in the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock valued at $180,000 after purchasing an additional 2,884 shares during the last quarter. GSA Capital Partners LLP lifted its position in Kanzhun by 4.7% during the third quarter. GSA Capital Partners LLP now owns 64,978 shares of the company’s stock worth $1,128,000 after buying an additional 2,919 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in Kanzhun in the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Up 1.6 %

Shares of NASDAQ BZ opened at $15.13 on Wednesday. The stock has a fifty day moving average price of $13.83 and a 200 day moving average price of $14.26. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The company has a market cap of $5.76 billion, a P/E ratio of 33.62 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last announced its 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 10.31% and a net margin of 20.65%. On average, sell-side analysts forecast that Kanzhun Limited will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.