Kanzhun Limited (NASDAQ:BZ) is Krane Funds Advisors LLC's 8th Largest Position

Krane Funds Advisors LLC trimmed its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 98.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,991 shares of the company's stock after selling 11,370,301 shares during the period. Kanzhun comprises approximately 2.8% of Krane Funds Advisors LLC's portfolio, making the stock its 8th biggest holding. Krane Funds Advisors LLC's holdings in Kanzhun were worth $3,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new position in shares of Kanzhun during the 2nd quarter worth about $25,000. UMB Bank n.a. bought a new position in shares of Kanzhun in the 3rd quarter valued at about $42,000. Summit Securities Group LLC bought a new stake in Kanzhun in the second quarter valued at about $44,000. Blue Trust Inc. raised its holdings in Kanzhun by 21.4% in the second 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. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Kanzhun in the 2nd quarter valued at approximately $204,000. 60.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on BZ. Daiwa America raised Kanzhun to a "hold" rating in a research report on Thursday, July 25th. Daiwa Capital Markets downgraded shares of Kanzhun from a "buy" rating to a "neutral" rating in a research note on Thursday, July 25th. Finally, Barclays cut their price target 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Kanzhun has an average rating of "Moderate Buy" and an average price target of $23.40.

Kanzhun Stock Up 1.7 %

NASDAQ:BZ traded up $0.26 on Friday, hitting $15.15. The stock had a trading volume of 1,769,781 shares, compared to its average volume of 4,167,526. The company has a market cap of $5.76 billion, a PE ratio of 38.18 and a beta of 0.52. The business's fifty day moving average is $14.40 and its 200 day moving average is $17.33. Kanzhun Limited has a 52 week low of $10.57 and a 52 week high of $22.74.

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

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.