BNP PARIBAS ASSET MANAGEMENT Holding S.A. Trims Holdings in Kanzhun Limited (NASDAQ:BZ)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its holdings in Kanzhun Limited (NASDAQ:BZ) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,007,612 shares of the company’s stock after selling 32,554 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Kanzhun were worth $17,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Schwab Charitable Fund bought a new stake in Kanzhun in the fourth quarter worth $182,000. DNB Asset Management AS bought a new position in Kanzhun in the 4th quarter worth about $207,000. Quadrature Capital Ltd purchased a new stake in Kanzhun during the 4th quarter valued at about $348,000. Daiwa Securities Group Inc. increased its stake in Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company’s stock valued at $398,000 after purchasing an additional 3,470 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Kanzhun in the first quarter worth about $600,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Kanzhun Stock Performance

Shares of NASDAQ BZ traded down $0.07 during midday trading on Friday, hitting $16.00. 192,803 shares of the stock traded hands, compared to its average volume of 3,696,130. The firm has a market capitalization of $6.09 billion, a P/E ratio of 41.21 and a beta of 0.49. Kanzhun Limited has a one year low of $12.57 and a one year high of $22.74. The firm has a 50-day moving average of $20.21 and a two-hundred day moving average of $18.00.

Kanzhun (NASDAQ:BZ) last posted its earnings results on Tuesday, May 21st. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $235.97 million for the quarter, compared to the consensus estimate of $230.09 million. Kanzhun had a return on equity of 9.73% and a net margin of 20.55%. Equities analysts forecast that Kanzhun Limited will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Kanzhun from $22.00 to $23.50 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. HSBC started coverage on Kanzhun in a research note on Friday, May 24th. They set a “buy” rating and a $30.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Kanzhun from $23.00 to $24.50 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $23.13.

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.