US Bancorp DE Purchases 2,406 Shares of Kanzhun Limited (NASDAQ:BZ)

US Bancorp DE boosted its position in shares of Kanzhun Limited (NASDAQ:BZ) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,456 shares of the company’s stock after acquiring an additional 2,406 shares during the period. US Bancorp DE’s holdings in Kanzhun were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BZ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Kanzhun by 812.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock valued at $123,607,000 after purchasing an additional 6,339,911 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Kanzhun in the third quarter valued at $45,482,000. Nomura Asset Management Co. Ltd. grew its holdings in shares of Kanzhun by 7,012.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock valued at $40,378,000 after purchasing an additional 2,293,229 shares in the last quarter. Nan Fung Trinity HK Ltd. purchased a new position in shares of Kanzhun in the fourth quarter valued at $24,521,000. Finally, Jennison Associates LLC grew its holdings in shares of Kanzhun by 79.7% in the fourth quarter. Jennison Associates LLC now owns 3,329,853 shares of the company’s stock valued at $45,952,000 after purchasing an additional 1,476,693 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 4.9 %

BZ opened at $18.27 on Wednesday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 40.60 and a beta of 0.46. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74. The business’s 50 day moving average is $15.15 and its two-hundred day moving average is $14.55.

Kanzhun (NASDAQ:BZ) last announced its earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share 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%. Equities analysts expect that Kanzhun Limited will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

BZ has been the subject of several recent analyst reports. CLSA initiated coverage on shares of Kanzhun in a research note on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective for the company. Citigroup dropped their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Barclays lifted their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein lowered shares of Kanzhun from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.00.

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.