DRW Securities LLC Takes $203,000 Position in Kanzhun Limited (NASDAQ:BZ)

DRW Securities LLC bought a new position in shares of Kanzhun Limited (NASDAQ:BZ) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,677 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also added to or reduced their stakes in the business. Swedbank AB acquired a new position in shares of Kanzhun in the first quarter valued at $861,000. WCM Investment Management LLC grew its stake in Kanzhun by 109.3% in the 3rd quarter. WCM Investment Management LLC now owns 3,157,794 shares of the company’s stock valued at $54,251,000 after buying an additional 1,649,411 shares during the last quarter. Monolith Management Ltd bought a new position in Kanzhun in the 3rd quarter valued at about $4,340,000. Deltec Asset Management LLC acquired a new stake in Kanzhun during the second quarter worth approximately $934,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Kanzhun by 128.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 73,408 shares of the company’s stock worth $1,377,000 after acquiring an additional 41,342 shares during the period. Institutional investors own 60.67% of the company’s stock.

Kanzhun Price Performance

Kanzhun stock opened at $12.58 on Thursday. The firm has a market cap of $4.77 billion, a PE ratio of 29.26 and a beta of 0.55. The stock’s fifty day moving average price is $15.05 and its two-hundred day moving average price is $16.28. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $263.75 million for the quarter, compared to analysts’ expectations of $264.38 million. Kanzhun had a return on equity of 10.19% and a net margin of 20.90%. Sell-side analysts expect that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BZ has been the topic of a number of recent research reports. CLSA assumed coverage on Kanzhun in a report on Monday, November 18th. They set an “outperform” rating and a $18.00 price target for the company. Barclays dropped their target price on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Kanzhun has an average rating of “Moderate Buy” and an average price target of $22.50.

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.