Crossmark Global Holdings Inc. Boosts Position in Kanzhun Limited (NASDAQ:BZ)

Crossmark Global Holdings Inc. grew its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,911 shares of the company’s stock after buying an additional 759 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Kanzhun were worth $241,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Kanzhun by 1.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 329,341 shares of the company’s stock worth $6,028,000 after buying an additional 6,203 shares during the period. Vanguard Group Inc. grew its position in Kanzhun by 1.6% in the first quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company’s stock valued at $225,711,000 after acquiring an additional 203,594 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Kanzhun by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 529,316 shares of the company’s stock valued at $9,277,000 after purchasing an additional 23,952 shares during the period. Quadrature Capital Ltd lifted its position in shares of Kanzhun by 419.5% during the first quarter. Quadrature Capital Ltd now owns 108,684 shares of the company’s stock worth $1,904,000 after purchasing an additional 87,763 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in shares of Kanzhun in the first quarter valued at $500,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays reduced their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Daiwa America raised shares of Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Daiwa Capital Markets cut shares of Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, CLSA assumed coverage on shares of Kanzhun in a report on Monday. They set an “outperform” rating and a $18.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Kanzhun has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Kanzhun Trading Up 2.5 %

NASDAQ BZ opened at $13.78 on Tuesday. The company has a 50-day moving average price of $14.92 and a two-hundred day moving average price of $16.67. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 31.26 and a beta of 0.55. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.

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

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.