Kanzhun (NASDAQ:BZ) Stock Price Down 4.7%

Kanzhun Limited (NASDAQ:BZGet Rating) shares traded down 4.7% during trading on Friday . The stock traded as low as 15.35 and last traded at 15.78. 28,366 shares changed hands during trading, a decline of 99% from the average session volume of 3,378,743 shares. The stock had previously closed at 16.55.

Analyst Ratings Changes

A number of equities analysts have recently commented on BZ shares. UBS Group upgraded shares of Kanzhun from a “neutral” rating to a “buy” rating and cut their price target for the stock from $29.00 to $27.50 in a report on Tuesday, August 16th. Barclays decreased their price target on shares of Kanzhun from $21.00 to $15.00 and set an “equal weight” rating for the company in a research note on Friday, October 28th. Finally, The Goldman Sachs Group upgraded shares of Kanzhun from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $27.50 to $23.00 in a report on Monday, November 14th.

Kanzhun Stock Down 3.8 %

The company has a market cap of $5.79 billion, a price-to-earnings ratio of 72.37 and a beta of -0.67. The business has a fifty day simple moving average of 16.33.

Kanzhun (NASDAQ:BZGet Rating) last posted its quarterly earnings results on Tuesday, August 23rd. The company reported 0.04 earnings per share for the quarter, beating analysts’ consensus estimates of 0.03 by 0.01. Kanzhun had a return on equity of 5.68% and a net margin of 13.49%. The firm had revenue of 166.07 million for the quarter, compared to the consensus estimate of 165.96 million. Equities research analysts expect that Kanzhun Limited will post 0.1 EPS for the current year.

Institutional Trading of Kanzhun

Several institutional investors and hedge funds have recently made changes to their positions in BZ. KBC Group NV acquired a new stake in Kanzhun during the third quarter worth about $38,000. Boston Partners acquired a new stake in shares of Kanzhun in the third quarter valued at about $120,000. Macquarie Group Ltd. grew its stake in shares of Kanzhun by 132.6% in the third quarter. Macquarie Group Ltd. now owns 9,776 shares of the company’s stock valued at $165,000 after buying an additional 5,573 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in shares of Kanzhun in the third quarter valued at about $170,000. Finally, National Pension Service grew its stake in shares of Kanzhun by 423.1% in the second quarter. National Pension Service now owns 6,800 shares of the company’s stock valued at $179,000 after buying an additional 5,500 shares in the last quarter. 42.32% of the stock is currently owned by hedge funds and other institutional investors.

About Kanzhun

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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.

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