State of New Jersey Common Pension Fund D Buys 11,978 Shares of Kanzhun Limited (NASDAQ:BZ)

State of New Jersey Common Pension Fund D grew its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 209,950 shares of the company’s stock after acquiring an additional 11,978 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kanzhun were worth $3,645,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BZ. Atlas Capital Advisors LLC purchased a new stake in Kanzhun during the second quarter valued at $25,000. UMB Bank n.a. bought a new position in shares of Kanzhun in the 3rd quarter worth approximately $42,000. Summit Securities Group LLC purchased a new position in shares of Kanzhun in the second quarter worth approximately $44,000. Van ECK Associates Corp bought a new position in Kanzhun in the third quarter worth approximately $61,000. Finally, Blue Trust Inc. grew its position in shares of Kanzhun by 21.4% during the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company’s stock valued at $134,000 after acquiring an additional 1,347 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Daiwa America upgraded Kanzhun to a “hold” rating in a research report on Thursday, July 25th. Daiwa Capital Markets downgraded Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Finally, Barclays cut their price objective on shares of Kanzhun from $27.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kanzhun presently has an average rating of “Moderate Buy” and a consensus price target of $23.40.

Kanzhun Stock Down 5.0 %

Kanzhun stock opened at $13.79 on Wednesday. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 32.07 and a beta of 0.55. The firm’s fifty day moving average is $14.82 and its 200 day moving average is $16.84.

Kanzhun (NASDAQ:BZ) last announced its earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. The firm had revenue of $263.75 million for the quarter, compared to analysts’ expectations of $264.38 million. On average, equities research analysts anticipate that Kanzhun Limited will post 0.47 earnings per share for the current fiscal year.

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.