BNP PARIBAS ASSET MANAGEMENT Holding S.A. Trims Holdings in Kanzhun Limited (NASDAQ:BZ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 65.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 355,198 shares of the company's stock after selling 682,905 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.09% of Kanzhun worth $6,167,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Kanzhun by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company's stock worth $225,711,000 after purchasing an additional 203,594 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Kanzhun during the 1st quarter worth $500,000. California State Teachers Retirement System lifted its position in shares of Kanzhun by 80.5% during the 1st quarter. California State Teachers Retirement System now owns 62,681 shares of the company's stock worth $1,099,000 after buying an additional 27,954 shares during the last quarter. Swedbank AB bought a new position in Kanzhun in the first quarter valued at about $861,000. Finally, DekaBank Deutsche Girozentrale raised its position in Kanzhun by 6.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 32,066 shares of the company's stock valued at $565,000 after purchasing an additional 1,977 shares during the last quarter. Institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BZ shares. Barclays lowered their price objective on Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a research report on Friday, August 30th. CLSA started coverage on Kanzhun in a research report on Monday, November 18th. They set an "outperform" rating and a $18.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Kanzhun Stock Down 0.9 %

Kanzhun stock traded down $0.12 during mid-day trading on Monday, reaching $12.64. 5,125,267 shares of the company's stock were exchanged, compared to its average volume of 4,099,486. The business's fifty day simple moving average is $15.04 and its 200 day simple moving average is $16.42. The firm has a market capitalization of $4.79 billion, a PE ratio of 29.68 and a beta of 0.55. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $264.38 million. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. On average, sell-side analysts forecast that Kanzhun Limited will post 0.47 earnings per share for the current year.

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.