Hsbc Holdings PLC Has $29 Million Position in Kanzhun Limited (NASDAQ:BZ)

Hsbc Holdings PLC cut its holdings in Kanzhun Limited (NASDAQ:BZ) by 3.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,538,964 shares of the company’s stock after selling 52,779 shares during the quarter. Hsbc Holdings PLC owned about 0.40% of Kanzhun worth $29,003,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BZ. Atlas Capital Advisors LLC acquired a new position in shares of Kanzhun during the 2nd quarter valued at about $25,000. Summit Securities Group LLC acquired a new position in Kanzhun during the second quarter valued at approximately $44,000. Blue Trust Inc. grew its holdings in Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after purchasing an additional 1,347 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Kanzhun in the second quarter valued at approximately $204,000. Finally, DNB Asset Management AS lifted its stake in shares of Kanzhun by 21.7% in the second quarter. DNB Asset Management AS now owns 17,544 shares of the company’s stock worth $330,000 after buying an additional 3,123 shares during the last quarter. 60.67% of the stock is owned by institutional investors.

Kanzhun Stock Performance

NASDAQ BZ opened at $12.55 on Friday. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The stock has a market cap of $4.77 billion, a PE ratio of 32.18 and a beta of 0.47. The firm has a 50-day simple moving average of $13.67 and a 200 day simple moving average of $17.57.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Daiwa Capital Markets downgraded shares of Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Barclays dropped their price objective on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Daiwa America raised Kanzhun to a “hold” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.40.

Kanzhun Company 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.