National Pension Service Sells 3,100 Shares of Kanzhun Limited (NASDAQ:BZ)

National Pension Service lessened its holdings in Kanzhun Limited (NASDAQ:BZ) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,100 shares of the company’s stock after selling 3,100 shares during the period. National Pension Service’s holdings in Kanzhun were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new stake in shares of Kanzhun during the second quarter worth approximately $25,000. Summit Securities Group LLC bought a new stake in Kanzhun in the 2nd quarter valued at $44,000. UMB Bank n.a. acquired a new position in Kanzhun in the 3rd quarter valued at $42,000. Van ECK Associates Corp bought a new position in Kanzhun during the 3rd quarter worth $61,000. Finally, Blue Trust Inc. lifted its holdings in shares of Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after buying an additional 1,347 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of recent research reports. Daiwa Capital Markets lowered shares of Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Barclays lowered their target price on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Daiwa America upgraded Kanzhun to a “hold” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Kanzhun presently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

Kanzhun Stock Up 3.6 %

NASDAQ:BZ opened at $15.33 on Friday. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock’s 50-day simple moving average is $14.73 and its 200 day simple moving average is $16.93. The firm has a market capitalization of $5.84 billion, a PE ratio of 35.65 and a beta of 0.55.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $263.75 million for the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. On average, analysts anticipate that Kanzhun Limited will post 0.47 EPS for the current fiscal year.

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.