Kanzhun Sees Unusually High Options Volume (NASDAQ:BZ)

by · The Cerbat Gem

Kanzhun Limited (NASDAQ:BZ – Get Free Report) saw unusually large options trading on Monday. Stock traders acquired 4,805 call options on the company. This is an increase of approximately 515% compared to the average daily volume of 781 call options.

Kanzhun Stock Performance

Shares of BZ stock opened at $17.27 on Wednesday. Kanzhun has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The stock’s fifty day moving average is $14.05 and its two-hundred day moving average is $17.42. The firm has a market capitalization of $6.57 billion, a P/E ratio of 44.28 and a beta of 0.52.

Kanzhun (NASDAQ:BZ – Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $263.75 million during the quarter, compared to analysts’ expectations of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. On average, equities analysts forecast that Kanzhun will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BZ shares. Barclays decreased their target price on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Daiwa America raised shares of Kanzhun to a “hold” rating in a report on Thursday, July 25th. Finally, Daiwa Capital Markets cut shares of Kanzhun from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.40.

Get Our Latest Research Report on Kanzhun

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BZ. Goldman Sachs Group Inc. increased its holdings in shares of Kanzhun by 21.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,978,186 shares of the company’s stock valued at $82,688,000 after purchasing an additional 877,342 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Kanzhun by 31.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 150,279 shares of the company’s stock valued at $2,634,000 after buying an additional 35,700 shares in the last quarter. Sei Investments Co. increased its stake in shares of Kanzhun by 25.3% in the 1st quarter. Sei Investments Co. now owns 700,049 shares of the company’s stock worth $12,272,000 after acquiring an additional 141,275 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Kanzhun by 7.5% during the 1st quarter. Jennison Associates LLC now owns 1,177,628 shares of the company’s stock worth $20,644,000 after acquiring an additional 82,287 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Kanzhun by 1.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 329,341 shares of the company’s stock valued at $6,028,000 after acquiring an additional 6,203 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

About Kanzhun

(Get Free Report)

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.

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