Bank of New York Mellon Corp Trims Stake in Kanzhun Limited (NASDAQ:BZ)

Bank of New York Mellon Corp reduced its position in Kanzhun Limited (NASDAQ:BZ - Free Report) by 20.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,044,275 shares of the company's stock after selling 274,870 shares during the period. Bank of New York Mellon Corp owned 0.27% of Kanzhun worth $14,411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. increased its position in Kanzhun by 5.8% in the 3rd 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 period. Rhumbline Advisers increased its position in Kanzhun by 9.3% in the 4th quarter. Rhumbline Advisers now owns 24,185 shares of the company's stock valued at $334,000 after acquiring an additional 2,066 shares during the period. Premier Fund Managers Ltd increased its position in Kanzhun by 38.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock valued at $180,000 after acquiring an additional 2,884 shares during the period. GSA Capital Partners LLP increased its position in Kanzhun by 4.7% in the 3rd quarter. GSA Capital Partners LLP now owns 64,978 shares of the company's stock valued at $1,128,000 after acquiring an additional 2,919 shares during the period. Finally, Van ECK Associates Corp acquired a new position in Kanzhun in the 3rd quarter valued at about $61,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Trading Up 4.7 %

Shares of NASDAQ:BZ traded up $0.89 during trading on Friday, hitting $19.75. 9,786,630 shares of the stock were exchanged, compared to its average volume of 4,302,225. The company has a fifty day moving average price of $15.46 and a two-hundred day moving average price of $14.66. The company has a market cap of $7.52 billion, a PE ratio of 43.89 and a beta of 0.46. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74.

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Kanzhun (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. Equities research analysts anticipate that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BZ shares. CLSA started coverage on Kanzhun in a research report on Monday, November 18th. They issued an "outperform" rating and a $18.00 price target on the stock. Sanford C. Bernstein reiterated a "market perform" rating on shares of Kanzhun in a research report on Wednesday. Barclays boosted their target price on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Citigroup dropped their target price on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a research report on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.29.

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.