Kanzhun (NASDAQ:BZ) Price Target Raised to $22.00

Kanzhun (NASDAQ:BZ) had its price objective increased by Barclays from $16.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. CLSA began coverage on Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of Kanzhun in a report on Wednesday. Finally, Citigroup reduced their target price on Kanzhun from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Kanzhun presently has an average rating of “Moderate Buy” and an average target price of $21.29.

Kanzhun Trading Up 4.7 %

Shares of NASDAQ BZ opened at $19.75 on Thursday. The business has a fifty day simple moving average of $15.46 and a 200 day simple moving average of $14.66. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 43.89 and a beta of 0.46. Kanzhun has a one year low of $10.57 and a one year high of $22.74.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 earnings per share (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%. On average, research analysts anticipate that Kanzhun will post 0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kanzhun

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Krane Funds Advisors LLC grew its stake in Kanzhun by 49.6% during the fourth quarter. Krane Funds Advisors LLC now owns 16,376,890 shares of the company’s stock worth $226,001,000 after purchasing an additional 5,432,730 shares during the period. Schroder Investment Management Group grew its stake in Kanzhun by 7.1% during the fourth quarter. Schroder Investment Management Group now owns 14,838,725 shares of the company’s stock worth $204,774,000 after purchasing an additional 986,213 shares during the period. Vanguard Group Inc. grew its stake in Kanzhun by 15.1% during the fourth quarter. Vanguard Group Inc. now owns 14,397,602 shares of the company’s stock worth $198,687,000 after purchasing an additional 1,885,658 shares during the period. Capital World Investors grew its stake in Kanzhun by 636.3% during the fourth quarter. Capital World Investors now owns 13,828,732 shares of the company’s stock worth $190,837,000 after purchasing an additional 11,950,467 shares during the period. Finally, WFM ASIA BVI Ltd grew its stake in Kanzhun by 30.7% during the fourth quarter. WFM ASIA BVI Ltd now owns 7,907,300 shares of the company’s stock worth $109,121,000 after purchasing an additional 1,855,500 shares during the period. Institutional investors 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.