B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 132,954 Kanzhun Limited (NASDAQ:BZ)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 132,954 shares of the company's stock, valued at approximately $2,308,000.

Other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors LLC acquired a new position in Kanzhun in the second quarter worth approximately $25,000. UMB Bank n.a. bought a new position in Kanzhun in 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 acquired a new position in Kanzhun during the third quarter worth $61,000. Finally, Blue Trust Inc. raised its stake in 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 acquiring an additional 1,347 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 brokerages recently issued reports on BZ. Barclays dropped 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. Daiwa America upgraded Kanzhun to a "hold" rating in a research note on Thursday, July 25th. Daiwa Capital Markets downgraded Kanzhun from a "buy" rating to a "neutral" rating in a research report on Thursday, July 25th. Finally, CLSA began coverage on Kanzhun in a research report on Monday. They set an "outperform" rating and a $18.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Kanzhun presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.

Kanzhun Stock Down 1.2 %

Shares of Kanzhun stock traded down $0.16 on Friday, reaching $12.76. The stock had a trading volume of 3,916,034 shares, compared to its average volume of 4,094,965. The company has a 50 day moving average price of $15.03 and a 200 day moving average price of $16.53. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The stock has a market capitalization of $4.84 billion, a P/E ratio of 30.06 and a beta of 0.55.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $263.75 million during the quarter, compared to analysts' expectations of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. On average, analysts forecast that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

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.