Kanzhun Limited (NASDAQ:BZ) Shares Sold by KBC Group NV

KBC Group NV cut its holdings in Kanzhun Limited (NASDAQ:BZ) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 64,208 shares of the company’s stock after selling 50,721 shares during the period. KBC Group NV’s holdings in Kanzhun were worth $1,115,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in Kanzhun by 1.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 329,341 shares of the company’s stock worth $6,028,000 after buying an additional 6,203 shares during the period. Swedbank AB acquired a new stake in shares of Kanzhun in the 1st quarter worth about $861,000. WCM Investment Management LLC increased its holdings in shares of Kanzhun by 109.3% in the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock worth $54,251,000 after acquiring an additional 1,649,411 shares during the period. Deltec Asset Management LLC acquired a new position in Kanzhun during the 2nd quarter valued at about $934,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Kanzhun by 128.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 73,408 shares of the company’s stock valued at $1,377,000 after purchasing an additional 41,342 shares during the period. Institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BZ has been the subject of several analyst reports. Daiwa America upgraded Kanzhun to a “hold” rating in a research report on Thursday, July 25th. CLSA began coverage on Kanzhun in a research note on Monday. They issued an “outperform” rating and a $18.00 price target for the company. Barclays lowered their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Finally, Daiwa Capital Markets lowered shares of Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Kanzhun Price Performance

BZ stock opened at $13.78 on Tuesday. The firm has a market cap of $5.25 billion, a PE ratio of 32.05 and a beta of 0.55. Kanzhun Limited has a 12 month low of $10.57 and a 12 month high of $22.74. The firm has a 50 day simple moving average of $14.92 and a 200 day simple moving average of $16.67.

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

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.