Kanzhun Limited (NASDAQ:BZ) Shares Bought by UBS Group AG

UBS Group AG boosted its position in shares of Kanzhun Limited (NASDAQ:BZ – Get Rating) by 15.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,503 shares of the company’s stock after acquiring an additional 50,323 shares during the period. UBS Group AG owned about 0.10% of Kanzhun worth $7,751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BZ. Hsbc Holdings PLC boosted its stake in Kanzhun by 160.4% during the 3rd quarter. Hsbc Holdings PLC now owns 258,341 shares of the company’s stock worth $4,362,000 after purchasing an additional 159,140 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Kanzhun during the 4th quarter worth about $721,000. Seven Eight Capital LP acquired a new stake in shares of Kanzhun during the 3rd quarter worth about $415,000. Korea Investment CORP boosted its stake in shares of Kanzhun by 164.0% during the 3rd quarter. Korea Investment CORP now owns 79,200 shares of the company’s stock worth $1,337,000 after purchasing an additional 49,200 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of Kanzhun during the 4th quarter worth about $994,000. Institutional investors and hedge funds own 48.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BZ shares. Macquarie started coverage on shares of Kanzhun in a research report on Tuesday, May 2nd. They issued an “outperform” rating and a $24.10 target price on the stock. Barclays lifted their price objective on shares of Kanzhun from $16.00 to $21.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 29th.

Kanzhun Price Performance

Kanzhun stock opened at $15.33 on Thursday. The company has a market cap of $5.74 billion, a PE ratio of 306.60 and a beta of 0.25. The company has a fifty day moving average price of $18.05 and a two-hundred day moving average price of $19.59. Kanzhun Limited has a 12 month low of $9.74 and a 12 month high of $29.44.

Kanzhun (NASDAQ:BZ – Get Rating) last announced its quarterly earnings results on Monday, March 20th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). Kanzhun had a net margin of 2.56% and a return on equity of 1.00%. The company had revenue of $156.92 million during the quarter, compared to the consensus estimate of $152.34 million. Equities research analysts anticipate that Kanzhun Limited will post 0.23 earnings per share for the current year.

Kanzhun Company Profile

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Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the People's Republic of China. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations. The company was founded in 2013 and is headquartered in Beijing, the People's Republic of China.