15,286 Shares in Kanzhun Limited (NASDAQ:BZ) Bought by Wolverine Trading LLC

Wolverine Trading LLC purchased a new position in Kanzhun Limited (NASDAQ:BZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,286 shares of the company’s stock, valued at approximately $263,000.

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

Kanzhun Price Performance

NASDAQ:BZ opened at $14.58 on Monday. The company’s 50-day moving average is $14.58 and its two-hundred day moving average is $15.61. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 32.40 and a beta of 0.50.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.48% and a net margin of 20.65%. As a group, equities analysts anticipate that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BZ shares. CLSA began coverage on shares of Kanzhun in a research note on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective on the stock. Barclays increased their target price 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. Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Monday, December 9th. Finally, Citigroup reduced their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Four equities 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, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.