Kanzhun Limited (NASDAQ:BZ) Stock Holdings Increased by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC grew its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 84.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,172 shares of the company's stock after acquiring an additional 47,700 shares during the quarter. Kanzhun comprises approximately 2.0% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 19th largest holding. ABS Direct Equity Fund LLC's holdings in Kanzhun were worth $1,808,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BZ. Crossmark Global Holdings Inc. grew its stake in shares of Kanzhun by 5.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company's stock worth $241,000 after purchasing an additional 759 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun during the 2nd quarter worth approximately $25,000. Blue Trust Inc. grew its stake in shares of Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock worth $134,000 after purchasing an additional 1,347 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Kanzhun during the 2nd quarter worth approximately $44,000. Finally, UMB Bank n.a. acquired a new stake in Kanzhun in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

Kanzhun Stock Down 8.0 %

BZ stock traded down $1.23 on Tuesday, reaching $14.11. 8,790,590 shares of the company's stock were exchanged, compared to its average volume of 4,155,358. The stock has a fifty day moving average of $14.82 and a 200-day moving average of $15.74. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The firm has a market cap of $5.35 billion, a PE ratio of 32.81 and a beta of 0.50.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of research reports. Citigroup decreased their price objective on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Sanford C. Bernstein lowered Kanzhun from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $19.00 to $15.00 in a report on Monday. Barclays raised their price objective on Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a report on Monday. Finally, CLSA initiated coverage on Kanzhun in a report on Monday, November 18th. They set an "outperform" rating and a $18.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Kanzhun currently has a consensus rating of "Moderate Buy" and an average target price 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.