National Pension Service Acquires 7,400 Shares of Kanzhun Limited (NASDAQ:BZ)

National Pension Service grew its holdings in Kanzhun Limited (NASDAQ:BZ) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,500 shares of the company’s stock after purchasing an additional 7,400 shares during the period. National Pension Service’s holdings in Kanzhun were worth $1,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. abrdn plc boosted its stake in shares of Kanzhun by 36.0% in the 3rd quarter. abrdn plc now owns 191,068 shares of the company’s stock worth $3,344,000 after buying an additional 50,598 shares during the last quarter. Van ECK Associates Corp purchased a new position in shares of Kanzhun in the 3rd quarter worth $61,000. Ground Swell Capital LLC purchased a new position in shares of Kanzhun in the 3rd quarter worth $257,000. Crossmark Global Holdings Inc. boosted its stake in shares of Kanzhun by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after buying an additional 759 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in shares of Kanzhun by 6.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 209,950 shares of the company’s stock worth $3,645,000 after buying an additional 11,978 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Monday, December 9th. Citigroup lowered their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, November 29th. Barclays lifted their target price on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, CLSA began coverage on Kanzhun in a research report on Monday, November 18th. They set an “outperform” rating and a $18.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Kanzhun Stock Up 1.8 %

Shares of Kanzhun stock opened at $16.00 on Friday. The stock’s 50-day simple moving average is $14.68 and its 200-day simple moving average is $14.41. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 35.56 and a beta of 0.49.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings data 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 10.31% and a net margin of 20.65%. On average, equities analysts expect that Kanzhun Limited will post 0.46 earnings per share for the current 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.