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

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

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Kanzhun by 2.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,777,991 shares of the company's stock worth $52,136,000 after buying an additional 78,697 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Kanzhun by 13.8% in the 4th quarter. Nordea Investment Management AB now owns 282,510 shares of the company's stock valued at $3,928,000 after acquiring an additional 34,284 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Kanzhun by 12.8% in the third quarter. Franklin Resources Inc. now owns 136,728 shares of the company's stock worth $2,201,000 after acquiring an additional 15,497 shares during the period. Tidal Investments LLC purchased a new position in shares of Kanzhun during the third quarter worth $662,000. Finally, Geode Capital Management LLC lifted its position in Kanzhun by 3.3% during the third quarter. Geode Capital Management LLC now owns 1,822,128 shares of the company's stock valued at $31,404,000 after purchasing an additional 58,065 shares during the period. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Stock Performance

Shares of NASDAQ:BZ traded down $0.96 during midday trading on Friday, reaching $14.41. 1,914,156 shares of the company's stock traded hands, compared to its average volume of 2,537,255. The company has a market cap of $5.49 billion, a P/E ratio of 32.02 and a beta of 0.49. The company has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $14.23. 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 announced its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. As a group, research analysts forecast that Kanzhun Limited will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on BZ. CLSA initiated coverage on Kanzhun in a research report on Monday, November 18th. They set an "outperform" rating and a $18.00 price target on the stock. Citigroup reduced their price target on Kanzhun from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, November 29th. Sanford C. Bernstein downgraded Kanzhun from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $19.00 to $15.00 in a report on Monday, December 9th. Finally, Barclays raised their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Kanzhun has an average rating of "Moderate Buy" and a consensus target price 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.