Kanzhun (NASDAQ:BZ) PT Raised to $23.50 at UBS Group

Kanzhun (NASDAQ:BZ) had its target price increased by UBS Group from $22.00 to $23.50 in a research note published on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on BZ. Macquarie upgraded Kanzhun from a neutral rating to an outperform rating in a research report on Tuesday, March 12th. Barclays raised their price objective on shares of Kanzhun from $22.00 to $27.00 and gave the stock an overweight rating in a research note on Wednesday, March 13th. New Street Research upgraded Kanzhun from a neutral rating to a buy rating and increased their target price for the company from $17.00 to $25.00 in a report on Wednesday, March 13th. JPMorgan Chase & Co. lifted their target price on Kanzhun from $23.00 to $24.50 and gave the company an overweight rating in a research note on Wednesday. Finally, TheStreet raised shares of Kanzhun from a d+ rating to a c- rating in a research report on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $22.67.

Kanzhun Trading Down 1.1 %

NASDAQ:BZ opened at $21.21 on Wednesday. The firm has a market capitalization of $7.96 billion, a PE ratio of 54.38 and a beta of 0.50. Kanzhun has a 52 week low of $12.57 and a 52 week high of $22.74. The stock has a 50 day moving average of $19.62 and a 200-day moving average of $16.99.

Kanzhun (NASDAQ:BZ) last issued its earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. The firm had revenue of $222.57 million for the quarter, compared to analyst estimates of $215.66 million. As a group, analysts predict that Kanzhun will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Kanzhun

A number of institutional investors have recently modified their holdings of BZ. Vanguard Group Inc. increased its stake in shares of Kanzhun by 1.6% in the first quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company’s stock worth $225,711,000 after purchasing an additional 203,594 shares during the period. Brilliance Asset Management Ltd. boosted its stake in Kanzhun by 1.5% during the fourth quarter. Brilliance Asset Management Ltd. now owns 10,101,933 shares of the company’s stock worth $167,793,000 after buying an additional 153,010 shares in the last quarter. Wellington Management Group LLP increased its holdings in Kanzhun by 21.8% in the 4th quarter. Wellington Management Group LLP now owns 6,976,129 shares of the company’s stock valued at $115,874,000 after buying an additional 1,247,997 shares during the period. Norges Bank acquired a new position in shares of Kanzhun in the 4th quarter valued at $98,023,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Kanzhun by 21.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock worth $82,688,000 after acquiring an additional 877,342 shares during the period. Institutional investors own 60.67% of the company’s stock.

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.