Harvest Fund Management Co. Ltd Sells 76,769 Shares of Kanzhun Limited (NASDAQ:BZ)

Harvest Fund Management Co. Ltd reduced its holdings in Kanzhun Limited (NASDAQ:BZ - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,292 shares of the company's stock after selling 76,769 shares during the period. Harvest Fund Management Co. Ltd's holdings in Kanzhun were worth $2,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Kanzhun in the third quarter worth $257,000. Swiss National Bank increased its stake in shares of Kanzhun by 4.9% during the 3rd quarter. Swiss National Bank now owns 599,066 shares of the company's stock worth $10,400,000 after purchasing an additional 28,239 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Kanzhun during the 3rd quarter valued at $2,308,000. Premier Fund Managers Ltd boosted its holdings in Kanzhun by 38.0% in the third quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company's stock worth $180,000 after purchasing an additional 2,884 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Kanzhun by 58.8% during the third quarter. Jennison Associates LLC now owns 1,853,160 shares of the company's stock valued at $32,171,000 after buying an additional 686,245 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BZ. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $18.00 target price on shares of Kanzhun in a research report on Wednesday, March 12th. Citigroup cut their target price 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. Finally, Barclays boosted their price objective on Kanzhun from $16.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kanzhun currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.71.

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Kanzhun Stock Performance

BZ traded up $0.03 during midday trading on Monday, hitting $20.01. The company had a trading volume of 11,260,335 shares, compared to its average volume of 4,209,607. Kanzhun Limited has a twelve month low of $10.57 and a twelve month high of $22.74. The company has a market capitalization of $7.62 billion, a PE ratio of 44.47 and a beta of 0.46. The firm's 50-day simple moving average is $16.17 and its 200-day simple moving average is $14.97.

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.