KANZHUN (NASDAQ:BZ) Stock Rating Lowered by Wall Street Zen

KANZHUN (NASDAQ:BZ) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

BZ has been the topic of a number of other reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KANZHUN in a research report on Tuesday, November 25th. Jefferies Financial Group increased their price objective on shares of KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Zacks Research downgraded KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Barclays increased their price target on KANZHUN from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, KANZHUN currently has an average rating of “Moderate Buy” and an average price target of $24.00.

KANZHUN Stock Down 0.4%

BZ stock opened at $21.84 on Friday. The firm has a market capitalization of $9.05 billion, a PE ratio of 28.74 and a beta of 0.42. KANZHUN has a twelve month low of $12.72 and a twelve month high of $25.26. The stock’s 50 day moving average is $22.14 and its 200-day moving average is $20.77.

Hedge Funds Weigh In On KANZHUN

A number of large investors have recently modified their holdings of BZ. Envestnet Asset Management Inc. increased its holdings in KANZHUN by 44.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,310 shares of the company’s stock worth $639,000 after acquiring an additional 10,250 shares during the period. Mackenzie Financial Corp bought a new position in KANZHUN in the 1st quarter valued at $1,607,000. J. Safra Sarasin Holding AG grew its position in shares of KANZHUN by 475.6% during the 1st quarter. J. Safra Sarasin Holding AG now owns 75,215 shares of the company’s stock valued at $1,442,000 after purchasing an additional 62,148 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of KANZHUN by 2.9% in the first quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company’s stock worth $284,133,000 after purchasing an additional 424,153 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of KANZHUN by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 437,579 shares of the company’s stock worth $8,388,000 after buying an additional 13,763 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

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.