Public Employees Retirement System of Ohio Invests $1.43 Million in Kanzhun Limited (NASDAQ:BZ)

Public Employees Retirement System of Ohio bought a new stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 82,349 shares of the company's stock, valued at approximately $1,430,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BZ. Atlas Capital Advisors LLC purchased a new stake in shares of Kanzhun during the 2nd quarter worth approximately $25,000. UMB Bank n.a. purchased a new stake in Kanzhun during the third quarter valued at $42,000. Summit Securities Group LLC bought a new position in Kanzhun during the second quarter valued at $44,000. Van ECK Associates Corp purchased a new position in shares of Kanzhun in the 3rd quarter worth $61,000. Finally, Premier Fund Managers Ltd increased its holdings in shares of Kanzhun by 38.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock worth $180,000 after buying an additional 2,884 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Stock Performance

Kanzhun stock traded up $0.07 during trading hours on Thursday, hitting $13.73. The company had a trading volume of 3,290,432 shares, compared to its average volume of 4,221,399. The firm has a market cap of $5.21 billion, a P/E ratio of 30.51 and a beta of 0.50. The company has a 50-day moving average price of $14.28 and a two-hundred day moving average price of $15.48. 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 released its quarterly earnings data 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 10.48% and a net margin of 20.65%. As a group, equities research analysts anticipate that Kanzhun Limited will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.