KANZHUN (NASDAQ:BZ) Rating Lowered to Hold at Wall Street Zen

KANZHUN (NASDAQ:BZ) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Monday.

BZ has been the subject of a number of other reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd. Jefferies Financial Group raised their price objective on KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. UBS Group raised KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, August 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of KANZHUN in a research report on Monday, December 8th. Finally, Barclays increased their price objective on shares of KANZHUN from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

KANZHUN Price Performance

BZ opened at $20.20 on Monday. The stock has a market capitalization of $8.37 billion, a P/E ratio of 26.58 and a beta of 0.42. KANZHUN has a 12 month low of $12.85 and a 12 month high of $25.26. The business has a 50 day simple moving average of $21.56 and a 200-day simple moving average of $21.05.

Institutional Trading of KANZHUN

A number of hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group raised its holdings in KANZHUN by 15.5% in the 3rd quarter. Schroder Investment Management Group now owns 21,081,099 shares of the company’s stock valued at $494,141,000 after acquiring an additional 2,822,778 shares during the last quarter. Krane Funds Advisors LLC boosted its holdings in shares of KANZHUN by 24.7% during the third quarter. Krane Funds Advisors LLC now owns 19,291,036 shares of the company’s stock worth $413,311,000 after purchasing an additional 3,819,347 shares during the last quarter. Vanguard Group Inc. grew its position 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 valued at $284,133,000 after purchasing an additional 424,153 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in 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 valued at $183,130,000 after purchasing an additional 8,946,253 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in KANZHUN by 9.3% during the second quarter. JPMorgan Chase & Co. now owns 9,455,233 shares of the company’s stock worth $168,681,000 after buying an additional 801,373 shares during the period. Institutional investors and hedge funds 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.