Swiss National Bank Purchases 28,239 Shares of Kanzhun Limited (NASDAQ:BZ)

Swiss National Bank increased its position in Kanzhun Limited (NASDAQ:BZ) by 4.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 599,066 shares of the company’s stock after purchasing an additional 28,239 shares during the period. Swiss National Bank’s holdings in Kanzhun were worth $10,400,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in shares of Kanzhun in the second quarter worth $25,000. Summit Securities Group LLC purchased a new stake in Kanzhun during the 2nd quarter worth about $44,000. UMB Bank n.a. bought a new position in Kanzhun in the 3rd quarter worth about $42,000. Van ECK Associates Corp purchased a new position in Kanzhun during the 3rd quarter valued at about $61,000. Finally, Blue Trust Inc. increased its position in shares of Kanzhun by 21.4% during the second quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after buying an additional 1,347 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Price Performance

NASDAQ:BZ opened at $12.76 on Monday. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 29.67 and a beta of 0.55. The business has a 50 day moving average of $15.04 and a 200 day moving average of $16.45. Kanzhun Limited has a 1-year low of $10.57 and a 1-year high of $22.74.

Kanzhun (NASDAQ:BZ) last released its earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $263.75 million for the quarter, compared to analyst estimates of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. As a group, sell-side analysts anticipate that Kanzhun Limited will post 0.47 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on BZ shares. CLSA began coverage on shares of Kanzhun in a research note on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective for the company. Barclays reduced their price target on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Kanzhun has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

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.