82,349 Shares in Kanzhun Limited (NASDAQ:BZ) Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Kanzhun Limited (NASDAQ:BZ) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 82,349 shares of the company’s stock, valued at approximately $1,430,000.

Several other large investors have also recently bought and sold shares of BZ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kanzhun by 812.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock valued at $123,607,000 after purchasing an additional 6,339,911 shares during the period. Assenagon Asset Management S.A. bought a new position in Kanzhun in the 3rd quarter valued at $64,220,000. National Bank of Canada FI purchased a new stake in shares of Kanzhun during the 3rd quarter valued at $45,482,000. RWC Asset Advisors US LLC raised its position in shares of Kanzhun by 79.8% during the 2nd quarter. RWC Asset Advisors US LLC now owns 5,700,186 shares of the company’s stock valued at $107,220,000 after buying an additional 2,529,725 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Kanzhun by 7,012.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock valued at $40,378,000 after buying an additional 2,293,229 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

Kanzhun Trading Down 1.8 %

Shares of BZ opened at $13.66 on Thursday. The firm’s 50-day moving average price is $14.34 and its 200-day moving average price is $15.49. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 30.36 and a beta of 0.50. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.

Kanzhun (NASDAQ:BZ) last announced its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share 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 10.48%. On average, research analysts forecast that Kanzhun Limited will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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 on the stock. Citigroup lowered their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Sanford C. Bernstein cut shares of Kanzhun from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $19.00 to $15.00 in a research report on Monday, December 9th. Finally, Barclays raised their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.