Kanzhun Limited (NASDAQ:BZ) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Kanzhun Limited (NASDAQ:BZ) by 29.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,278,522 shares of the company’s stock after purchasing an additional 294,026 shares during the quarter. SG Americas Securities LLC owned about 0.34% of Kanzhun worth $22,412,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Schwab Charitable Fund acquired a new position in Kanzhun during the fourth quarter worth approximately $182,000. DNB Asset Management AS purchased a new stake in Kanzhun in the 4th quarter valued at $207,000. Quadrature Capital Ltd acquired a new stake in Kanzhun during the 4th quarter worth $348,000. Daiwa Securities Group Inc. grew its position in Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock worth $398,000 after purchasing an additional 3,470 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Kanzhun in the first quarter valued at $600,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Stock Performance

Kanzhun stock traded up $0.13 during midday trading on Friday, reaching $19.09. The company’s stock had a trading volume of 2,384,148 shares, compared to its average volume of 2,990,798. Kanzhun Limited has a fifty-two week low of $12.57 and a fifty-two week high of $22.74. The firm has a market capitalization of $7.26 billion, a PE ratio of 48.95 and a beta of 0.49. The stock’s 50 day simple moving average is $20.38 and its 200 day simple moving average is $17.97.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data on Tuesday, May 21st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Kanzhun had a net margin of 20.55% and a return on equity of 9.73%. The firm had revenue of $235.97 million for the quarter, compared to the consensus estimate of $230.09 million. Equities analysts predict that Kanzhun Limited will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. HSBC initiated coverage on shares of Kanzhun in a research note on Friday, May 24th. They set a “buy” rating and a $30.00 target price for the company. JPMorgan Chase & Co. boosted their target price on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Finally, UBS Group increased their price target on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Kanzhun currently has a consensus rating of “Moderate Buy” and an average target price of $23.13.

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.