Public Employees Retirement System of Ohio Invests $1.43 Million in Kanzhun Limited (NASDAQ:BZ)

Public Employees Retirement System of Ohio acquired a new position in shares of Kanzhun Limited (NASDAQ:BZ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 82,349 shares of the company’s stock, valued at approximately $1,430,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. raised its holdings in shares of Kanzhun by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after acquiring an additional 759 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Kanzhun in the 2nd quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of Kanzhun in the 2nd quarter worth about $44,000. UMB Bank n.a. acquired a new stake in shares of Kanzhun in the 3rd quarter worth about $42,000. Finally, Premier Fund Managers Ltd raised its holdings in shares of Kanzhun by 38.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock worth $180,000 after acquiring an additional 2,884 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Sanford C. Bernstein lowered shares of Kanzhun from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $19.00 to $15.00 in a research note on Monday, December 9th. CLSA initiated coverage on shares of Kanzhun in a research note on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective for the company. Finally, Citigroup decreased their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Kanzhun presently has an average rating of “Moderate Buy” and an average price target of $21.00.

Kanzhun Stock Down 1.8 %

Shares of BZ stock opened at $13.66 on Thursday. The company has a 50 day moving average of $14.34 and a 200-day moving average of $15.49. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The firm has a market cap of $5.18 billion, a P/E ratio of 30.36 and a beta of 0.50.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts expect that Kanzhun Limited will post 0.47 EPS for the current year.

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.