ABS Direct Equity Fund LLC Has $901,000 Position in Kanzhun Limited (NASDAQ:BZ)

ABS Direct Equity Fund LLC reduced its holdings in Kanzhun Limited (NASDAQ:BZ) by 37.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,272 shares of the company’s stock after selling 38,900 shares during the quarter. ABS Direct Equity Fund LLC’s holdings in Kanzhun were worth $901,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. acquired a new stake in shares of Kanzhun during the third quarter worth about $42,000. Van ECK Associates Corp bought a new stake in Kanzhun during the 3rd quarter worth approximately $61,000. Premier Fund Managers Ltd raised its holdings in shares of Kanzhun by 38.0% during the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock worth $180,000 after acquiring an additional 2,884 shares during the period. DRW Securities LLC acquired a new position in shares of Kanzhun during the third quarter worth about $203,000. Finally, Hancock Whitney Corp bought a new position in shares of Kanzhun during the 3rd quarter worth approximately $228,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Kanzhun Stock Up 0.3 %

Kanzhun stock opened at $14.89 on Tuesday. The firm has a fifty day simple moving average of $13.77 and a two-hundred day simple moving average of $14.32. The company has a market capitalization of $5.67 billion, a PE ratio of 33.09 and a beta of 0.49. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Citigroup cut their price objective on Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. Sanford C. Bernstein lowered shares of Kanzhun from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Monday, December 9th. Barclays raised their target price on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, CLSA began coverage on Kanzhun in a research report on Monday, November 18th. They issued an “outperform” rating and a $18.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.00.

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.