Harvest Fund Management Co. Ltd Sells 53,191 Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ)

Harvest Fund Management Co. Ltd cut its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,101 shares of the company's stock after selling 53,191 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in KANZHUN were worth $2,226,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BZ. Quadrant Capital Group LLC lifted its position in shares of KANZHUN by 403.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,781 shares of the company's stock worth $25,000 after buying an additional 1,427 shares during the period. First Horizon Advisors Inc. acquired a new position in KANZHUN during the first quarter worth $25,000. Townsquare Capital LLC bought a new position in shares of KANZHUN during the fourth quarter valued at $157,000. Tudor Investment Corp ET AL acquired a new stake in shares of KANZHUN in the 4th quarter valued at $160,000. Finally, Quantinno Capital Management LP bought a new stake in shares of KANZHUN in the 4th quarter worth about $163,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $18.50.

KANZHUN Trading Down 1.0%

Shares of NASDAQ BZ traded down $0.19 during midday trading on Thursday, reaching $18.96. The company's stock had a trading volume of 3,370,256 shares, compared to its average volume of 2,698,711. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $20.81. The stock has a 50 day simple moving average of $18.30 and a 200-day simple moving average of $16.97. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 33.02 and a beta of 0.41.

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.