Kanzhun (NASDAQ:BZ) Upgraded at Daiwa America

Daiwa America upgraded shares of Kanzhun (NASDAQ:BZ) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other brokerages have also commented on BZ. Barclays upped their price objective on shares of Kanzhun from $16.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, March 13th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $18.00 price target on shares of Kanzhun in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Kanzhun Stock Up 3.8%

NASDAQ:BZ opened at $18.43 on Monday. The company has a fifty day moving average of $16.28 and a 200 day moving average of $15.64. Kanzhun has a 52 week low of $10.57 and a 52 week high of $21.99. The firm has a market capitalization of $7.17 billion, a P/E ratio of 40.96 and a beta of 0.35.

Institutional Trading of Kanzhun

Institutional investors and hedge funds have recently bought and sold shares of the company. Krane Funds Advisors LLC grew its stake in shares of Kanzhun by 24.2% in the first quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company’s stock worth $389,887,000 after acquiring an additional 3,961,488 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Kanzhun by 7.1% in the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock worth $204,774,000 after buying an additional 986,213 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kanzhun by 2.9% in the first quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company’s stock worth $284,133,000 after buying an additional 424,153 shares during the last quarter. Capital World Investors boosted its holdings in shares of Kanzhun by 636.3% in the fourth quarter. Capital World Investors now owns 13,828,732 shares of the company’s stock worth $190,837,000 after buying an additional 11,950,467 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kanzhun by 1,474.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company’s stock worth $183,130,000 after buying an additional 8,946,253 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

About Kanzhun

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.