Kanzhun Limited (NASDAQ:BZ) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 10.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,407 shares of the company’s stock after selling 2,081 shares during the period. Vontobel Holding Ltd.’s holdings in Kanzhun were worth $306,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BZ. PNC Financial Services Group Inc. increased its holdings in Kanzhun by 32.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock worth $56,000 after purchasing an additional 890 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Kanzhun during the 3rd quarter worth approximately $182,000. Schwab Charitable Fund purchased a new stake in Kanzhun during the 4th quarter worth approximately $182,000. Deltec Asset Management LLC bought a new stake in shares of Kanzhun in the 3rd quarter valued at approximately $198,000. Finally, DNB Asset Management AS bought a new stake in shares of Kanzhun in the 4th quarter valued at approximately $207,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Performance

Shares of BZ stock opened at $18.77 on Wednesday. Kanzhun Limited has a 1 year low of $12.57 and a 1 year high of $21.32. The stock has a fifty day moving average of $17.61 and a two-hundred day moving average of $16.12. The firm has a market capitalization of $7.05 billion, a PE ratio of 56.88 and a beta of 0.59.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. The company had revenue of $222.57 million during the quarter, compared to analyst estimates of $215.66 million. Equities research analysts predict that Kanzhun Limited will post 0.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BZ shares. Barclays boosted their price target on Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, March 13th. TheStreet upgraded Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. New Street Research upgraded Kanzhun from a “neutral” rating to a “buy” rating and boosted their price target for the company from $17.00 to $25.00 in a report on Wednesday, March 13th. Finally, Macquarie upgraded Kanzhun from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.38.

About Kanzhun

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.