Krane Funds Advisors LLC lowered its stake in Kanzhun Limited (NASDAQ:BZ – Free Report) by 5.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 10,944,160 shares of the company’s stock after selling 616,132 shares during the period. Kanzhun makes up approximately 6.8% of Krane Funds Advisors LLC’s portfolio, making the stock its 8th largest position. Krane Funds Advisors LLC’s holdings in Kanzhun were worth $189,991,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of BZ. Atlas Capital Advisors LLC purchased a new position in Kanzhun during the second quarter worth about $25,000. UMB Bank n.a. purchased a new position in Kanzhun during the third quarter worth approximately $42,000. Summit Securities Group LLC acquired a new position in shares of Kanzhun in the 2nd quarter valued at $44,000. Blue Trust Inc. grew its stake 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 buying an additional 1,347 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Kanzhun during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 60.67% of the company’s stock.
Kanzhun Stock Performance
Shares of NASDAQ:BZ opened at $14.80 on Tuesday. The company has a market cap of $5.63 billion, a P/E ratio of 38.38 and a beta of 0.52. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The business’s 50-day simple moving average is $14.44 and its 200 day simple moving average is $17.26.
Analyst Ratings Changes
A number of brokerages recently weighed in on BZ. Daiwa Capital Markets cut Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Barclays reduced their price objective on Kanzhun from $27.00 to $14.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Daiwa America upgraded shares of Kanzhun to a “hold” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kanzhun presently has a consensus rating of “Moderate Buy” and an average target price of $23.40.
View Our Latest Stock Analysis on BZ
Kanzhun 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.
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