Aberdeen Group plc lifted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 25.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 292,665 shares of the company's stock after purchasing an additional 58,539 shares during the period. Aberdeen Group plc owned about 0.07% of KANZHUN worth $5,221,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in KANZHUN in the first quarter valued at $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in KANZHUN in the first quarter valued at $27,000. Brooklyn Investment Group boosted its holdings in KANZHUN by 3,115.4% in the first quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock valued at $56,000 after purchasing an additional 2,835 shares during the period. AQR Capital Management LLC purchased a new position in KANZHUN in the first quarter valued at $201,000. Finally, Genus Capital Management Inc. boosted its holdings in KANZHUN by 200.0% in the first quarter. Genus Capital Management Inc. now owns 13,000 shares of the company's stock valued at $249,000 after purchasing an additional 26,000 shares during the period. 60.67% of the stock is currently owned by hedge funds and other institutional investors.
KANZHUN Stock Performance
BZ opened at $21.50 on Friday. The business's 50-day simple moving average is $23.18 and its 200-day simple moving average is $19.38. KANZHUN LIMITED Sponsored ADR has a one year low of $12.16 and a one year high of $25.26. The stock has a market capitalization of $8.86 billion, a P/E ratio of 32.09 and a beta of 0.43.
KANZHUN Dividend Announcement
The company also recently announced a full year 25 dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.084 per share. The ex-dividend date is Wednesday, October 8th. This represents a dividend yield of 69.0%. KANZHUN's payout ratio is 22.39%.
Analysts Set New Price Targets
BZ has been the topic of a number of analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of KANZHUN in a research note on Wednesday, October 8th. The Goldman Sachs Group restated a "buy" rating on shares of KANZHUN in a research note on Monday, September 22nd. Zacks Research upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. Jefferies Financial Group raised their price target on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Barclays raised their price target on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $21.17.
Read Our Latest Research Report on BZ
About KANZHUN
(
Free Report)
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.
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