Harvest Fund Management Co. Ltd Sells 97,324 Shares of Kanzhun Limited (NASDAQ:BZ)

Harvest Fund Management Co. Ltd trimmed its stake in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,061 shares of the company's stock after selling 97,324 shares during the quarter. Harvest Fund Management Co. Ltd owned approximately 0.06% of Kanzhun worth $4,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors LLC bought a new position in shares of Kanzhun during the second quarter valued at about $25,000. Summit Securities Group LLC bought a new stake in Kanzhun during the second quarter valued at $44,000. UMB Bank n.a. bought a new stake in shares of Kanzhun during the 3rd quarter worth $42,000. Van ECK Associates Corp bought a new stake in shares of Kanzhun in the 3rd quarter worth approximately $61,000. Finally, Blue Trust Inc. increased its stake in Kanzhun by 21.4% in the 2nd quarter. Blue Trust Inc. now owns 7,638 shares of the company's stock worth $134,000 after purchasing an additional 1,347 shares during the period. Institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays decreased 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. CLSA initiated coverage on shares of Kanzhun in a research note on Monday, November 18th. They set an "outperform" rating and a $18.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

Kanzhun Stock Down 0.9 %

Kanzhun stock traded down $0.11 during trading hours on Monday, hitting $12.65. The stock had a trading volume of 2,583,940 shares, compared to its average volume of 4,088,337. The stock's 50-day moving average price is $15.04 and its 200-day moving average price is $16.42. Kanzhun Limited has a 12-month low of $10.57 and a 12-month high of $22.74. The stock has a market capitalization of $4.80 billion, a P/E ratio of 29.68 and a beta of 0.55.

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

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.