E Fund Management Hong Kong Co. Ltd. Sells 39,767 Shares of Kanzhun Limited (NASDAQ:BZ)

E Fund Management Hong Kong Co. Ltd. lowered its position in Kanzhun Limited (NASDAQ:BZ) by 20.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,112 shares of the company’s stock after selling 39,767 shares during the quarter. Kanzhun makes up about 1.7% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 12th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Kanzhun were worth $2,141,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. bought a new position in shares of Kanzhun during the third quarter valued at approximately $42,000. Van ECK Associates Corp bought a new stake in Kanzhun during the 3rd quarter valued at $61,000. Premier Fund Managers Ltd increased its holdings in shares of Kanzhun by 38.0% in the 3rd quarter. Premier Fund Managers Ltd now owns 10,470 shares of the company’s stock valued at $180,000 after acquiring an additional 2,884 shares during the period. DRW Securities LLC bought a new position in shares of Kanzhun in the 3rd quarter worth $203,000. Finally, Hancock Whitney Corp purchased a new stake in shares of Kanzhun during the 3rd quarter worth $228,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Kanzhun Stock Performance

NASDAQ:BZ opened at $14.84 on Monday. The stock has a market capitalization of $5.65 billion, a PE ratio of 32.98 and a beta of 0.49. Kanzhun Limited has a fifty-two week low of $10.57 and a fifty-two week high of $22.74. The company has a fifty day moving average of $13.77 and a two-hundred day moving average of $14.32.

Kanzhun (NASDAQ:BZ) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Kanzhun had a net margin of 20.65% and a return on equity of 10.31%. Research analysts forecast that Kanzhun Limited will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of Kanzhun from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Citigroup reduced their price objective on shares of Kanzhun from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, November 29th. Sanford C. Bernstein downgraded shares of Kanzhun from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Monday, December 9th. Finally, CLSA began coverage on Kanzhun in a report on Monday, November 18th. They set an “outperform” rating and a $18.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Kanzhun presently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.