Kanzhun Sees Unusually Large Options Volume (NASDAQ:BZ)

Kanzhun Limited (NASDAQ:BZ) was the target of unusually large options trading on Monday. Stock traders acquired 4,805 call options on the company. This represents an increase of approximately 515% compared to the typical daily volume of 781 call options.

Institutional Trading of Kanzhun

Several institutional investors and hedge funds have recently bought and sold shares of BZ. Goldman Sachs Group Inc. boosted its stake in shares of Kanzhun by 21.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock worth $82,688,000 after buying an additional 877,342 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Kanzhun by 31.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,279 shares of the company’s stock worth $2,634,000 after purchasing an additional 35,700 shares during the period. Sei Investments Co. increased its holdings in shares of Kanzhun by 25.3% during the 1st quarter. Sei Investments Co. now owns 700,049 shares of the company’s stock valued at $12,272,000 after purchasing an additional 141,275 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Kanzhun by 7.5% in the 1st quarter. Jennison Associates LLC now owns 1,177,628 shares of the company’s stock valued at $20,644,000 after purchasing an additional 82,287 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Kanzhun by 1.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 329,341 shares of the company’s stock worth $6,028,000 after buying an additional 6,203 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Kanzhun Stock Performance

Shares of BZ stock opened at $17.27 on Wednesday. Kanzhun has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 44.28 and a beta of 0.52. The stock’s 50-day simple moving average is $14.05 and its 200-day simple moving average is $17.42.

Kanzhun (NASDAQ:BZ) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $263.75 million during the quarter, compared to the consensus estimate of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. As a group, equities analysts forecast that Kanzhun will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BZ. Barclays lowered their price target on Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Daiwa Capital Markets downgraded Kanzhun from a “buy” rating to a “neutral” rating in a research report on Thursday, July 25th. Finally, Daiwa America upgraded Kanzhun to a “hold” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.40.

About Kanzhun

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.