Kanzhun Target of Unusually High Options Trading (NASDAQ:BZ)

Kanzhun Limited (NASDAQ:BZ) was the target of unusually large options trading activity on Monday. Investors bought 4,805 call options on the stock. This represents an increase of approximately 515% compared to the typical daily volume of 781 call options.

Institutional Trading of Kanzhun

A number of large investors have recently made changes to their positions in the business. Prudential PLC grew its holdings in Kanzhun by 64.1% during the 4th quarter. Prudential PLC now owns 59,125 shares of the company’s stock valued at $982,000 after purchasing an additional 23,098 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Kanzhun by 21.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock valued at $82,688,000 after purchasing an additional 877,342 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in Kanzhun by 1.6% during the 4th quarter. Royal London Asset Management Ltd. now owns 342,900 shares of the company’s stock valued at $5,696,000 after purchasing an additional 5,300 shares during the last quarter. Wellington Management Group LLP grew its holdings in Kanzhun by 21.8% during the 4th quarter. Wellington Management Group LLP now owns 6,976,129 shares of the company’s stock valued at $115,874,000 after purchasing an additional 1,247,997 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Kanzhun by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,672,081 shares of the company’s stock valued at $210,483,000 after purchasing an additional 56,649 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BZ. Daiwa Capital Markets cut shares of Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Daiwa America upgraded shares of Kanzhun to a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays decreased their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $23.40.

Kanzhun Stock Down 1.0 %

Kanzhun stock opened at $18.99 on Tuesday. The company’s 50-day moving average price is $13.98 and its 200-day moving average price is $17.43. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74. The company has a market cap of $7.23 billion, a PE ratio of 48.69 and a beta of 0.52.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The firm had revenue of $263.75 million for the quarter, compared to the consensus estimate of $264.38 million. As a group, sell-side analysts expect that Kanzhun will post 0.47 earnings per share 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.