Barclays PLC Has $7.82 Million Holdings in Kanzhun Limited (NASDAQ:BZ)

Barclays PLC grew its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 58.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 450,663 shares of the company's stock after buying an additional 166,683 shares during the period. Barclays PLC owned 0.12% of Kanzhun worth $7,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its stake in Kanzhun by 5.8% in 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 during the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun during the second quarter worth $25,000. Blue Trust Inc. increased its holdings in Kanzhun by 21.4% in the second quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock valued at $134,000 after purchasing an additional 1,347 shares during the last quarter. Summit Securities Group LLC acquired a new position in Kanzhun in the second quarter valued at about $44,000. Finally, UMB Bank n.a. bought a new position in Kanzhun during the third quarter worth about $42,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BZ shares. CLSA initiated coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an "outperform" rating and a $18.00 price target on the stock. Citigroup decreased their target price on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Friday, November 29th. Sanford C. Bernstein lowered Kanzhun from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $19.00 to $15.00 in a research report on Monday, December 9th. Finally, Barclays boosted their price objective on Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.00.

Kanzhun Stock Down 1.8 %

Shares of BZ stock traded down $0.25 on Wednesday, reaching $13.66. The stock had a trading volume of 5,804,477 shares, compared to its average volume of 4,224,339. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 30.36 and a beta of 0.50. The firm's 50-day moving average is $14.40 and its two-hundred day moving average is $15.51.

Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

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.