Kanzhun (NASDAQ:BZ) Shares Gap Down to $22.63

Kanzhun Limited (NASDAQ:BZ - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $22.63, but opened at $21.72. Kanzhun shares last traded at $22.16, with a volume of 923,169 shares.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BZ. TheStreet raised shares of Kanzhun from a "d+" rating to a "c-" rating in a research report on Wednesday, March 13th. Barclays increased their target price on Kanzhun from $22.00 to $27.00 and gave the company an "overweight" rating in a research note on Wednesday, March 13th. New Street Research raised shares of Kanzhun from a "neutral" rating to a "buy" rating and increased their price target for the stock from $17.00 to $25.00 in a research report on Wednesday, March 13th. Finally, Macquarie upgraded shares of Kanzhun from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.38.

Kanzhun Trading Down 2.9 %

The firm's 50-day simple moving average is $19.49 and its 200 day simple moving average is $16.82. The stock has a market cap of $8.25 billion, a P/E ratio of 66.61 and a beta of 0.50.

Kanzhun (NASDAQ:BZ - Get Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $222.57 million for the quarter, compared to analyst estimates of $215.66 million. Kanzhun had a return on equity of 8.44% and a net margin of 18.28%. On average, analysts anticipate that Kanzhun Limited will post 0.42 EPS for the current year.

Institutional Trading of Kanzhun

A number of hedge funds and other institutional investors have recently made changes to their positions in BZ. Vanguard Group Inc. raised its holdings in shares of Kanzhun by 1.6% during the first quarter. Vanguard Group Inc. now owns 12,875,675 shares of the company's stock valued at $225,711,000 after acquiring an additional 203,594 shares during the period. Brilliance Asset Management Ltd. lifted its holdings in shares of Kanzhun by 1.5% in the fourth quarter. Brilliance Asset Management Ltd. now owns 10,101,933 shares of the company's stock valued at $167,793,000 after purchasing an additional 153,010 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Kanzhun by 21.8% in the fourth quarter. Wellington Management Group LLP now owns 6,976,129 shares of the company's stock worth $115,874,000 after buying an additional 1,247,997 shares during the period. Norges Bank purchased a new position in shares of Kanzhun during the fourth quarter valued at $98,023,000. Finally, Goldman Sachs Group Inc. raised its position in Kanzhun by 21.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company's stock valued at $82,688,000 after buying an additional 877,342 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Kanzhun Company Profile

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.