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

by · The Markets Daily

KANZHUN (NASDAQ:BZ – Get Free Report) 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.

View Our Latest Research Report on BZ

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

(Get 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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