M&T Bank Corp Increases Holdings in Kanzhun Limited (NASDAQ:BZ)

M&T Bank Corp boosted its position in shares of Kanzhun Limited (NASDAQ:BZ) by 25.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,783 shares of the company’s stock after purchasing an additional 22,706 shares during the quarter. M&T Bank Corp’s holdings in Kanzhun were worth $1,923,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its position in shares of Kanzhun by 5.8% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 13,911 shares of the company’s stock worth $241,000 after purchasing an additional 759 shares during the period. Atlas Capital Advisors LLC purchased a new stake in Kanzhun during the second quarter worth $25,000. Blue Trust Inc. boosted its position in 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 in the last quarter. Summit Securities Group LLC purchased a new position in shares of Kanzhun in the 2nd quarter valued at $44,000. Finally, UMB Bank n.a. bought a new position in shares of Kanzhun in the 3rd quarter worth $42,000. 60.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays lifted their target price on Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein downgraded Kanzhun from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $19.00 to $15.00 in a research note on Monday, December 9th. CLSA assumed coverage on Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price target for the company. Finally, Citigroup decreased their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Kanzhun Stock Down 1.4 %

Shares of BZ stock opened at $14.58 on Friday. Kanzhun Limited has a 52-week low of $10.57 and a 52-week high of $22.74. The stock has a market cap of $5.53 billion, a PE ratio of 32.40 and a beta of 0.50. The business has a 50-day simple moving average of $14.58 and a 200-day simple moving average of $15.64.

Kanzhun (NASDAQ:BZ) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Kanzhun had a return on equity of 10.48% and a net margin of 20.65%. Sell-side 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.