Kanzhun Limited (NASDAQ:BZ) is GGV Capital LLC's 4th Largest Position

GGV Capital LLC boosted its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 57.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 825,000 shares of the company's stock after acquiring an additional 300,000 shares during the period. Kanzhun accounts for approximately 13.3% of GGV Capital LLC's portfolio, making the stock its 4th largest holding. GGV Capital LLC owned approximately 0.22% of Kanzhun worth $14,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in shares of Kanzhun in the second quarter worth $25,000. UMB Bank n.a. bought a new stake in Kanzhun during the 3rd quarter worth approximately $42,000. Summit Securities Group LLC bought a new stake in Kanzhun during the 2nd quarter worth approximately $44,000. Van ECK Associates Corp bought a new stake in Kanzhun during the 3rd quarter worth approximately $61,000. Finally, Blue Trust Inc. boosted its position in shares of Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock valued at $134,000 after acquiring an additional 1,347 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Stock Down 1.4 %

Shares of Kanzhun stock traded down $0.19 during trading on Tuesday, reaching $13.59. 2,263,390 shares of the stock were exchanged, compared to its average volume of 4,098,566. The stock's fifty day moving average is $14.95 and its 200 day moving average is $16.62. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 31.63 and a beta of 0.55. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BZ shares. Daiwa America raised Kanzhun to a "hold" rating in a report on Thursday, July 25th. Daiwa Capital Markets lowered shares of Kanzhun from a "buy" rating to a "neutral" rating in a report on Thursday, July 25th. Barclays reduced their price target on Kanzhun from $27.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday, August 30th. Finally, CLSA initiated coverage on Kanzhun in a research note on Monday. They issued an "outperform" rating and a $18.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.50.

Kanzhun Company 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.