Tidal Investments LLC Acquires New Shares in Kanzhun Limited (NASDAQ:BZ)

Tidal Investments LLC bought a new position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,140 shares of the company's stock, valued at approximately $662,000.

A number of other large investors have also recently made changes to their positions in BZ. Crossmark Global Holdings Inc. grew its stake in Kanzhun by 5.8% during the third 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 in the last quarter. Atlas Capital Advisors LLC purchased a new position in shares of Kanzhun during the 2nd quarter valued at $25,000. Summit Securities Group LLC bought a new position in shares of Kanzhun in the second quarter worth $44,000. UMB Bank n.a. purchased a new stake in shares of Kanzhun in the third quarter worth $42,000. Finally, Premier Fund Managers Ltd boosted its stake in Kanzhun by 38.0% during the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock valued at $180,000 after buying an additional 2,884 shares during the period. 60.67% of the stock is owned by institutional investors.

Kanzhun Stock Performance

BZ stock traded down $0.11 on Friday, reaching $13.62. The company's stock had a trading volume of 5,728,124 shares, compared to its average volume of 4,227,523. The business has a fifty day simple moving average of $14.21 and a two-hundred day simple moving average of $15.34. The firm has a market cap of $5.16 billion, a PE ratio of 30.27 and a beta of 0.50. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share 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, research analysts anticipate that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BZ. Barclays lifted their target price on shares of Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. 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 report on Friday, November 29th. Sanford C. Bernstein cut Kanzhun from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $19.00 to $15.00 in a research note on Monday, December 9th. Finally, CLSA assumed coverage on Kanzhun in a research note on Monday, November 18th. They set an "outperform" rating and a $18.00 price target for the company. 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, Kanzhun currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

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.