ABS Direct Equity Fund LLC Makes New $907,000 Investment in Kanzhun Limited (NASDAQ:BZ)

ABS Direct Equity Fund LLC purchased a new stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,600 shares of the company's stock, valued at approximately $907,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BZ. PNC Financial Services Group Inc. lifted its holdings in Kanzhun by 32.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the company's stock valued at $56,000 after purchasing an additional 890 shares in the last quarter. Schwab Charitable Fund acquired a new position in Kanzhun during the fourth quarter worth about $182,000. Aigen Investment Management LP purchased a new stake in Kanzhun during the 3rd quarter valued at about $182,000. DNB Asset Management AS acquired a new stake in Kanzhun in the 4th quarter valued at about $207,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Kanzhun by 16.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,973 shares of the company's stock worth $398,000 after purchasing an additional 3,470 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Macquarie raised shares of Kanzhun from a "neutral" rating to an "outperform" rating in a research report on Tuesday, March 12th. TheStreet raised shares of Kanzhun from a "d+" rating to a "c-" rating in a research note on Wednesday, March 13th. Barclays lifted their target price on shares of Kanzhun from $22.00 to $27.00 and gave the company an "overweight" rating in a report on Wednesday, March 13th. Finally, New Street Research raised Kanzhun from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $17.00 to $25.00 in a research note on Wednesday, March 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Kanzhun currently has an average rating of "Moderate Buy" and a consensus target price of $20.38.

Kanzhun Stock Up 0.6 %

NASDAQ:BZ traded up $0.12 during mid-day trading on Friday, reaching $20.40. 4,281,707 shares of the stock were exchanged, compared to its average volume of 4,040,246. The stock has a market capitalization of $7.66 billion, a P/E ratio of 61.82 and a beta of 0.50. Kanzhun Limited has a 1 year low of $12.57 and a 1 year high of $21.32. The company has a 50 day simple moving average of $18.41 and a 200-day simple moving average of $16.35.

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

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.