Kanzhun Limited (NASDAQ:BZ) Shares Sold by KBC Group NV

KBC Group NV lessened its stake in Kanzhun Limited (NASDAQ:BZ - Free Report) by 44.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 64,208 shares of the company's stock after selling 50,721 shares during the quarter. KBC Group NV's holdings in Kanzhun were worth $1,115,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun in the 2nd quarter valued at about $25,000. UMB Bank n.a. purchased a new position in Kanzhun during the 3rd quarter worth approximately $42,000. Summit Securities Group LLC purchased a new position in Kanzhun during the 2nd quarter worth approximately $44,000. Van ECK Associates Corp purchased a new position in Kanzhun during the 3rd quarter worth approximately $61,000. Finally, Blue Trust Inc. grew its stake in 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 buying an additional 1,347 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of research reports. Daiwa America upgraded Kanzhun to a "hold" rating in a research note on Thursday, July 25th. Daiwa Capital Markets downgraded Kanzhun from a "buy" rating to a "neutral" rating in a research note on Thursday, July 25th. CLSA initiated coverage on Kanzhun in a research note on Monday. They set an "outperform" rating and a $18.00 target price for the company. Finally, Barclays decreased their price objective on shares of Kanzhun from $27.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.

Kanzhun Trading Down 1.4 %

Shares of BZ stock traded down $0.19 during mid-day trading on Tuesday, reaching $13.59. The stock had a trading volume of 2,263,390 shares, compared to its average volume of 4,098,566. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The company has a market cap of $5.15 billion, a P/E ratio of 31.63 and a beta of 0.55. The business has a 50-day simple moving average of $14.95 and a 200 day simple moving average of $16.62.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The business had revenue of $263.75 million during 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%. Research analysts anticipate that Kanzhun Limited will post 0.47 EPS for the current year.

About Kanzhun

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.