Wolverine Trading LLC Makes New Investment in Kanzhun Limited (NASDAQ:BZ)

Wolverine Trading LLC purchased a new position in Kanzhun Limited (NASDAQ:BZ) in the 3rd quarter, HoldingsChannel reports. The fund purchased 15,286 shares of the company’s stock, valued at approximately $263,000.

Other large investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kanzhun by 812.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,120,232 shares of the company’s stock worth $123,607,000 after buying an additional 6,339,911 shares during the period. RWC Asset Advisors US LLC raised its holdings in shares of Kanzhun by 79.8% in the 2nd quarter. RWC Asset Advisors US LLC now owns 5,700,186 shares of the company’s stock valued at $107,220,000 after purchasing an additional 2,529,725 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Kanzhun by 10.4% during the 2nd quarter. Federated Hermes Inc. now owns 5,368,870 shares of the company’s stock worth $100,988,000 after purchasing an additional 507,337 shares during the last quarter. State Street Corp grew its stake in shares of Kanzhun by 2.8% during the third quarter. State Street Corp now owns 5,084,631 shares of the company’s stock worth $88,269,000 after purchasing an additional 138,804 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Kanzhun during the third quarter worth $64,220,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Kanzhun Trading Down 1.4 %

Shares of NASDAQ BZ opened at $14.58 on Monday. The stock has a market cap of $5.53 billion, a P/E ratio of 32.40 and a beta of 0.50. The stock has a 50 day moving average of $14.58 and a two-hundred day moving average of $15.61. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.48%. As a group, research analysts predict that Kanzhun Limited will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

BZ has been the subject of a number of recent analyst reports. CLSA initiated coverage on Kanzhun in a report on Monday, November 18th. They set an “outperform” rating and a $18.00 price target for the company. Barclays upped their price target on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Sanford C. Bernstein cut shares of Kanzhun from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $19.00 to $15.00 in a report on Monday, December 9th. Finally, Citigroup reduced their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Kanzhun 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.