Kanzhun Limited (NASDAQ:BZ) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Kanzhun Limited (NASDAQ:BZ) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $21.00.

Several analysts have recently commented on the stock. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $19.00 to $15.00 in a report on Monday, December 9th. Barclays upped their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Citigroup dropped their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Finally, CLSA assumed coverage on shares of Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective on the stock.

Kanzhun Trading Down 0.3 %

NASDAQ:BZ opened at $15.90 on Friday. The company has a market cap of $6.06 billion, a PE ratio of 35.33 and a beta of 0.49. Kanzhun has a twelve month low of $10.57 and a twelve month high of $22.74. The company’s 50 day moving average is $14.26 and its two-hundred day moving average is $14.23.

Kanzhun (NASDAQ:BZ) last released 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 net margin of 20.65% and a return on equity of 10.31%. As a group, analysts expect that Kanzhun will post 0.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Kanzhun

Several large investors have recently made changes to their positions in the company. Krane Funds Advisors LLC raised its position in Kanzhun by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company’s stock worth $226,001,000 after acquiring an additional 5,432,730 shares during the period. Schroder Investment Management Group raised its position in Kanzhun by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock worth $204,774,000 after acquiring an additional 986,213 shares during the period. Vanguard Group Inc. raised its position in Kanzhun by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock worth $198,687,000 after acquiring an additional 1,885,658 shares during the period. WFM ASIA BVI Ltd raised its position in Kanzhun by 30.7% during the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company’s stock worth $109,121,000 after acquiring an additional 1,855,500 shares during the period. Finally, Brilliance Asset Management Ltd. raised its position in Kanzhun by 7.5% during the fourth quarter. Brilliance Asset Management Ltd. now owns 7,300,256 shares of the company’s stock worth $100,744,000 after acquiring an additional 510,745 shares during the period. 60.67% of the stock is currently owned by institutional investors and hedge funds.

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.