Union Bancaire Privee UBP SA Buys New Stake in Kanzhun Limited (NASDAQ:BZ)

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

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. purchased a new stake in Kanzhun in the 3rd quarter valued at $42,000. Van ECK Associates Corp purchased a new stake in shares of Kanzhun in the third quarter valued at about $61,000. Premier Fund Managers Ltd boosted its stake in shares of Kanzhun by 38.0% during the third 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 period. DRW Securities LLC purchased a new position in shares of Kanzhun during the third quarter worth about $203,000. Finally, Hancock Whitney Corp acquired a new position in Kanzhun in the 3rd quarter valued at about $228,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Kanzhun Stock Up 1.6 %

Shares of NASDAQ BZ opened at $15.13 on Wednesday. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 33.62 and a beta of 0.49. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The firm has a 50-day moving average price of $13.83 and a 200 day moving average price of $14.26.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. Equities research analysts expect that Kanzhun Limited will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BZ. CLSA initiated coverage on Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price on the stock. Barclays boosted 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. Citigroup reduced their target price on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Finally, Sanford C. Bernstein lowered shares of Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Kanzhun Profile

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.