Quadrature Capital Ltd Invests $348,000 in Kanzhun Limited (NASDAQ:BZ)

Quadrature Capital Ltd purchased a new position in Kanzhun Limited (NASDAQ:BZ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,921 shares of the company’s stock, valued at approximately $348,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Kanzhun in the fourth quarter worth $98,023,000. Goldman Sachs Group Inc. raised its position in shares of Kanzhun by 21.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock worth $82,688,000 after buying an additional 877,342 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Kanzhun in the fourth quarter worth $4,311,000. Vanguard Group Inc. raised its position in shares of Kanzhun by 1.7% in the third quarter. Vanguard Group Inc. now owns 12,615,432 shares of the company’s stock worth $191,376,000 after buying an additional 216,558 shares in the last quarter. Finally, Bamco Inc. NY raised its position in shares of Kanzhun by 23.5% in the third quarter. Bamco Inc. NY now owns 3,050,770 shares of the company’s stock worth $46,280,000 after buying an additional 581,094 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

Kanzhun Trading Up 0.6 %

BZ opened at $20.12 on Tuesday. The company has a market cap of $7.59 billion, a P/E ratio of 51.59 and a beta of 0.53. The business’s 50-day moving average price is $20.49 and its 200-day moving average price is $17.69. Kanzhun Limited has a 12 month low of $12.57 and a 12 month high of $22.74.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data on Tuesday, May 21st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $235.97 million for the quarter, compared to the consensus estimate of $230.09 million. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. Equities research analysts forecast that Kanzhun Limited will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. Macquarie upgraded Kanzhun from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 12th. TheStreet upgraded Kanzhun from a “d+” rating to a “c-” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. raised their price target on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Finally, HSBC initiated coverage on Kanzhun in a research report on Friday, May 24th. They set a “buy” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.67.

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.