SG Americas Securities LLC Sells 6,886 Shares of Kanzhun Limited (NASDAQ:BZ)

SG Americas Securities LLC cut its stake in Kanzhun Limited (NASDAQ:BZ) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,341,856 shares of the company’s stock after selling 6,886 shares during the quarter. SG Americas Securities LLC owned about 0.35% of Kanzhun worth $18,518,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its stake in Kanzhun by 7,012.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 2,325,929 shares of the company’s stock worth $40,378,000 after purchasing an additional 2,293,229 shares in the last quarter. Barclays PLC raised its stake in Kanzhun by 58.7% in the 3rd quarter. Barclays PLC now owns 450,663 shares of the company’s stock worth $7,824,000 after acquiring an additional 166,683 shares during the last quarter. Monolith Management Ltd acquired a new position in shares of Kanzhun in the third quarter valued at about $4,340,000. WCM Investment Management LLC raised its stake in shares of Kanzhun by 109.3% in the third quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock worth $54,251,000 after purchasing an additional 1,649,411 shares during the last quarter. Finally, GGV Capital LLC boosted its position in Kanzhun by 57.1% in the third quarter. GGV Capital LLC now owns 825,000 shares of the company’s stock valued at $14,322,000 after buying an additional 300,000 shares during the last quarter. 60.67% of the stock is owned by institutional investors.

Kanzhun Trading Up 0.3 %

Shares of BZ opened at $14.61 on Thursday. The firm has a market cap of $5.56 billion, a P/E ratio of 32.47 and a beta of 0.49. The company’s 50-day moving average price is $13.72 and its 200 day moving average price is $14.40. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.31% and a net margin of 20.65%. Equities research analysts forecast that Kanzhun Limited will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.