Vontobel Holding Ltd. Sells 2,081 Shares of Kanzhun Limited (NASDAQ:BZ)

Vontobel Holding Ltd. decreased its holdings in Kanzhun Limited (NASDAQ:BZ) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,407 shares of the company’s stock after selling 2,081 shares during the quarter. Vontobel Holding Ltd.’s holdings in Kanzhun were worth $306,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of Kanzhun by 32.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock worth $56,000 after acquiring an additional 890 shares during the last quarter. abrdn plc raised its position in shares of Kanzhun by 5.6% during the third quarter. abrdn plc now owns 48,536 shares of the company’s stock worth $736,000 after acquiring an additional 2,567 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Kanzhun by 9.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 31,301 shares of the company’s stock worth $457,000 after acquiring an additional 2,629 shares during the last quarter. Prudential PLC raised its position in shares of Kanzhun by 12.1% during the third quarter. Prudential PLC now owns 36,027 shares of the company’s stock worth $547,000 after acquiring an additional 3,876 shares during the last quarter. Finally, Korea Investment CORP raised its position in shares of Kanzhun by 31.3% during the third quarter. Korea Investment CORP now owns 33,990 shares of the company’s stock worth $516,000 after acquiring an additional 8,100 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Kanzhun Stock Up 2.7 %

Shares of Kanzhun stock opened at $18.77 on Wednesday. Kanzhun Limited has a 12 month low of $12.57 and a 12 month high of $21.32. The business has a fifty day simple moving average of $17.61 and a 200 day simple moving average of $16.12. The stock has a market cap of $7.05 billion, a PE ratio of 56.88 and a beta of 0.59.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $222.57 million during the quarter, compared to analysts’ expectations of $215.66 million. Analysts expect that Kanzhun Limited will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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