KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Given Average Recommendation of “Moderate Buy” by Brokerages

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $22.40.

BZ has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KANZHUN in a research note on Monday, September 22nd. Jefferies Financial Group boosted their price objective on shares of KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. UBS Group raised KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, August 21st. Barclays lifted their target price on KANZHUN from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KANZHUN in a research note on Tuesday.

KANZHUN Price Performance

Shares of BZ opened at $21.92 on Thursday. The company has a market capitalization of $9.08 billion, a P/E ratio of 28.84 and a beta of 0.42. KANZHUN has a one year low of $12.28 and a one year high of $25.26. The business’s 50 day simple moving average is $22.24 and its 200-day simple moving average is $20.70.

Hedge Funds Weigh In On KANZHUN

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of KANZHUN by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 437,579 shares of the company’s stock worth $8,388,000 after acquiring an additional 13,763 shares during the last quarter. Nordea Investment Management AB boosted its stake in KANZHUN by 6.6% in the 2nd quarter. Nordea Investment Management AB now owns 327,771 shares of the company’s stock worth $5,806,000 after purchasing an additional 20,329 shares in the last quarter. Asset Management One Co. Ltd. grew its position in KANZHUN by 18.6% during the 2nd quarter. Asset Management One Co. Ltd. now owns 54,058 shares of the company’s stock worth $964,000 after purchasing an additional 8,473 shares during the last quarter. Citigroup Inc. increased its stake in KANZHUN by 2.9% during the 1st quarter. Citigroup Inc. now owns 4,084,520 shares of the company’s stock valued at $78,300,000 after purchasing an additional 116,280 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in KANZHUN by 105.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 65,816 shares of the company’s stock valued at $1,167,000 after purchasing an additional 33,750 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

KANZHUN Company Profile

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.