Swiss National Bank Has $10.40 Million Position in Kanzhun Limited (NASDAQ:BZ)

Swiss National Bank grew its position in shares of Kanzhun Limited (NASDAQ:BZ) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 599,066 shares of the company’s stock after purchasing an additional 28,239 shares during the quarter. Swiss National Bank owned approximately 0.16% of Kanzhun worth $10,400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new position in Kanzhun during the 2nd quarter worth $25,000. UMB Bank n.a. acquired a new position in shares of Kanzhun in the third quarter worth approximately $42,000. Summit Securities Group LLC bought a new stake in Kanzhun in the second quarter valued at approximately $44,000. Van ECK Associates Corp acquired a new stake in Kanzhun during the 3rd quarter valued at approximately $61,000. Finally, Blue Trust Inc. raised its holdings in Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock worth $134,000 after purchasing an additional 1,347 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BZ has been the subject of several recent analyst reports. CLSA assumed coverage on shares of Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective for the company. Barclays lowered their price objective on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $22.50.

Kanzhun Stock Performance

Shares of NASDAQ:BZ opened at $12.76 on Monday. The firm has a market cap of $4.84 billion, a P/E ratio of 29.67 and a beta of 0.55. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The business’s 50 day simple moving average is $15.04 and its two-hundred day simple moving average is $16.45.

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