XTX Topco Ltd Invests $865,000 in Kanzhun Limited (NASDAQ:BZ)

XTX Topco Ltd bought a new stake in Kanzhun Limited (NASDAQ:BZ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 46,010 shares of the company’s stock, valued at approximately $865,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atlas Capital Advisors LLC bought a new position in Kanzhun during the second quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of Kanzhun during the 2nd quarter valued at about $44,000. Blue Trust Inc. lifted its holdings in shares of Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after acquiring an additional 1,347 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Kanzhun in the second quarter worth about $204,000. Finally, DNB Asset Management AS increased its stake in Kanzhun by 21.7% during the second quarter. DNB Asset Management AS now owns 17,544 shares of the company’s stock worth $330,000 after acquiring an additional 3,123 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Stock Down 3.4 %

BZ stock opened at $12.55 on Friday. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 32.18 and a beta of 0.47. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The business’s fifty day simple moving average is $13.67 and its two-hundred day simple moving average is $17.57.

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

Analyst Ratings Changes

BZ has been the subject of several analyst reports. Daiwa America raised Kanzhun to a “hold” rating in a research note on Thursday, July 25th. Barclays lowered their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Finally, Daiwa Capital Markets cut shares of Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kanzhun currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.40.

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.