25,322 Shares in Kanzhun Limited (NASDAQ:BZ) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Kanzhun Limited (NASDAQ:BZ - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,322 shares of the company's stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. abrdn plc increased its holdings in shares of Kanzhun by 36.0% in the 3rd quarter. abrdn plc now owns 191,068 shares of the company's stock worth $3,344,000 after buying an additional 50,598 shares during the last quarter. Van ECK Associates Corp bought a new position in Kanzhun in the third quarter valued at $61,000. Ground Swell Capital LLC purchased a new stake in Kanzhun during the third quarter valued at about $257,000. Crossmark Global Holdings Inc. lifted its stake in Kanzhun by 5.8% during the third quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company's stock worth $241,000 after purchasing an additional 759 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Kanzhun by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 209,950 shares of the company's stock worth $3,645,000 after purchasing an additional 11,978 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Price Performance

Kanzhun stock traded up $0.28 during trading hours on Friday, reaching $16.00. The stock had a trading volume of 7,217,712 shares, compared to its average volume of 3,925,851. The company has a fifty day simple moving average of $14.63 and a 200-day simple moving average of $14.40. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The stock has a market cap of $6.09 billion, a PE ratio of 35.56 and a beta of 0.49.

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Kanzhun (NASDAQ:BZ - Get Free Report) last posted its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (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%. Research analysts predict that Kanzhun Limited will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BZ shares. Sanford C. Bernstein cut Kanzhun from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $19.00 to $15.00 in a report on Monday, December 9th. CLSA initiated coverage on shares of Kanzhun in a research note on Monday, November 18th. They set an "outperform" rating and a $18.00 price target on the stock. Barclays upped their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Finally, Citigroup reduced their target price on shares of Kanzhun from $17.00 to $16.00 and set a "buy" rating on the stock in a report on Friday, November 29th. Four 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 company currently has an average rating of "Moderate Buy" and an average 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.