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

Krane Funds Advisors LLC lessened its position in shares of Kanzhun Limited (NASDAQ:BZ - Free Report) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,944,160 shares of the company's stock after selling 616,132 shares during the quarter. Kanzhun accounts for 6.8% of Krane Funds Advisors LLC's portfolio, making the stock its 8th biggest holding. Krane Funds Advisors LLC owned 2.88% of Kanzhun worth $189,991,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Kanzhun by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,672,081 shares of the company's stock worth $210,483,000 after acquiring an additional 56,649 shares during the period. Quadrature Capital Ltd purchased a new position in Kanzhun during the fourth quarter valued at $348,000. Los Angeles Capital Management LLC bought a new stake in Kanzhun during the first quarter valued at about $600,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in Kanzhun by 1.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 520,667 shares of the company's stock worth $9,127,000 after buying an additional 9,891 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Kanzhun in the first quarter worth about $737,000. Institutional investors own 60.67% of the company's stock.

Kanzhun Price Performance

Shares of NASDAQ BZ traded down $0.05 during midday trading on Tuesday, reaching $14.92. 2,390,731 shares of the stock traded hands, compared to its average volume of 4,159,823. The company's 50 day moving average is $14.44 and its 200 day moving average is $17.26. Kanzhun Limited has a one year low of $10.57 and a one year high of $22.74. The stock has a market capitalization of $5.68 billion, a PE ratio of 38.41 and a beta of 0.52.

Kanzhun (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $263.75 million for the quarter, compared to analyst estimates of $264.38 million. Kanzhun had a net margin of 20.90% and a return on equity of 10.19%. As a group, equities analysts forecast that Kanzhun Limited will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BZ shares. Daiwa America raised shares of Kanzhun to a "hold" rating in a report on Thursday, July 25th. Barclays reduced their price objective on shares of Kanzhun from $27.00 to $14.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. Finally, Daiwa Capital Markets downgraded shares of Kanzhun from a "buy" rating to a "neutral" rating in a research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.40.

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.