Fmr LLC Sells 19,731 Shares of Kanzhun Limited (NASDAQ:BZ)

Fmr LLC trimmed its stake in shares of Kanzhun Limited (NASDAQ:BZ) by 1.2% in the third quarter, HoldingsChannel reports. The firm owned 1,647,317 shares of the company’s stock after selling 19,731 shares during the quarter. Fmr LLC’s holdings in Kanzhun were worth $28,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of BZ. Atlas Capital Advisors LLC acquired a new position in Kanzhun in the second quarter valued at about $25,000. UMB Bank n.a. bought a new position in shares of Kanzhun in the third quarter worth about $42,000. Summit Securities Group LLC bought a new position in shares of Kanzhun in the second quarter worth about $44,000. Van ECK Associates Corp bought a new position in shares of Kanzhun in the third quarter worth about $61,000. Finally, Blue Trust Inc. lifted its holdings in shares of 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 acquiring an additional 1,347 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BZ shares. Sanford C. Bernstein lowered shares of Kanzhun from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $19.00 to $15.00 in a report on Monday. CLSA started coverage on shares of Kanzhun in a report on Monday, November 18th. They issued an “outperform” rating and a $18.00 price objective for the company. Barclays raised their price objective on shares of Kanzhun from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday. Finally, Citigroup dropped their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 29th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Kanzhun Stock Performance

NASDAQ:BZ opened at $15.34 on Tuesday. The company has a market capitalization of $5.82 billion, a PE ratio of 35.68 and a beta of 0.50. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The company has a 50 day simple moving average of $14.90 and a two-hundred day simple moving average of $15.79.

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.