Hel Ved Capital Management Ltd Trims Stock Holdings in Kanzhun Limited (NASDAQ:BZ)

Hel Ved Capital Management Ltd cut its position in shares of Kanzhun Limited (NASDAQ:BZFree Report) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,050,374 shares of the company’s stock after selling 440,694 shares during the quarter. Kanzhun comprises about 9.8% of Hel Ved Capital Management Ltd’s holdings, making the stock its 2nd largest position. Hel Ved Capital Management Ltd owned 0.55% of Kanzhun worth $34,057,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BZ. PNC Financial Services Group Inc. boosted its stake in Kanzhun by 32.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company’s stock valued at $56,000 after purchasing an additional 890 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Kanzhun by 9.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,301 shares of the company’s stock valued at $457,000 after buying an additional 2,629 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock valued at $398,000 after acquiring an additional 3,470 shares in the last quarter. Prudential PLC boosted its holdings in Kanzhun by 12.1% during the 3rd 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, UBS Group AG grew its stake in shares of Kanzhun by 1.7% in the 4th quarter. UBS Group AG now owns 399,061 shares of the company’s stock worth $6,628,000 after acquiring an additional 6,747 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Wall Street Analyst Weigh In

BZ has been the subject of a number of recent analyst reports. New Street Research upgraded Kanzhun from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, March 13th. Barclays increased their price target on shares of Kanzhun from $22.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, March 13th. HSBC began coverage on shares of Kanzhun in a research report on Friday, May 24th. They issued a “buy” rating and a $30.00 price objective on the stock. TheStreet raised shares of Kanzhun from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. increased their price objective on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Kanzhun currently has an average rating of “Moderate Buy” and a consensus price target of $22.67.

Check Out Our Latest Analysis on BZ

Kanzhun Stock Down 2.3 %

Shares of NASDAQ BZ traded down $0.51 during trading hours on Friday, reaching $21.42. 3,110,737 shares of the stock traded hands, compared to its average volume of 4,611,549. The company has a market capitalization of $8.04 billion, a P/E ratio of 54.92 and a beta of 0.53. Kanzhun Limited has a 52-week low of $12.57 and a 52-week high of $22.74. The company’s 50-day simple moving average is $20.18 and its two-hundred day simple moving average is $17.36.

Kanzhun (NASDAQ:BZGet Free Report) last released its earnings results on Tuesday, March 12th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. The company had revenue of $222.57 million during the quarter, compared to analyst estimates of $215.66 million. As a group, sell-side analysts forecast that Kanzhun Limited will post 0.52 earnings per share for the current fiscal year.

About Kanzhun

(Free Report)

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.

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Institutional Ownership by Quarter for Kanzhun (NASDAQ:BZ)

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