Kanzhun Limited (NASDAQ:BZ - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $17.41, but opened at $19.05. Kanzhun shares last traded at $17.91, with a volume of 1,272,006 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on BZ shares. Citigroup decreased their price objective on Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Sanford C. Bernstein lowered shares of Kanzhun from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $19.00 to $15.00 in a report on Monday, December 9th. Barclays raised their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, CLSA assumed coverage on shares of Kanzhun in a research note on Monday, November 18th. They set an "outperform" rating and a $18.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.
View Our Latest Research Report on Kanzhun
Kanzhun Price Performance
The stock's 50 day simple moving average is $15.06 and its two-hundred day simple moving average is $14.53. The company has a market capitalization of $6.82 billion, a P/E ratio of 39.79 and a beta of 0.46.
Kanzhun (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.07). Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. As a group, equities research analysts expect that Kanzhun Limited will post 0.46 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of BZ. Krane Funds Advisors LLC lifted its holdings in Kanzhun by 49.6% in the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company's stock valued at $226,001,000 after buying an additional 5,432,730 shares during the period. Schroder Investment Management Group grew its holdings in Kanzhun by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company's stock valued at $204,774,000 after purchasing an additional 986,213 shares during the period. Vanguard Group Inc. grew its position in shares of Kanzhun by 15.1% in the 4th quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company's stock valued at $198,687,000 after purchasing an additional 1,885,658 shares during the period. Capital World Investors lifted its stake in Kanzhun by 636.3% in the fourth quarter. Capital World Investors now owns 13,828,732 shares of the company's stock valued at $190,837,000 after buying an additional 11,950,467 shares in the last quarter. Finally, WFM ASIA BVI Ltd boosted its holdings in shares of Kanzhun by 30.7% in the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company's stock valued at $109,121,000 after buying an additional 1,855,500 shares during the period. Institutional investors own 60.67% of the company's stock.
About Kanzhun
(
Get Free Report)
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.
Further Reading
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