KANZHUN LIMITED Sponsored ADR $BZ Shares Acquired by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly increased its stake in KANZHUN LIMITED by 1,742.7%, acquiring an additional 2,227,666 shares, totaling approximately $45.13 million.
• KANZHUN has announced a full year dividend of $0.084, translating to a dividend yield of 60.0%, to be paid on October 23rd.
• Analysts have mixed ratings for KANZHUN, with a consensus average rating of "Moderate Buy" and target prices ranging from $21.17 to $26.00.

Acadian Asset Management LLC raised its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 1,742.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,355,494 shares of the company's stock after purchasing an additional 2,227,666 shares during the quarter. Acadian Asset Management LLC owned about 0.61% of KANZHUN worth $45,130,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of KANZHUN in the 1st quarter valued at $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of KANZHUN during the 1st quarter valued at $27,000. Brooklyn Investment Group lifted its holdings in shares of KANZHUN by 3,115.4% during the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock valued at $56,000 after acquiring an additional 2,835 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of KANZHUN during the 1st quarter valued at $201,000. Finally, Quantinno Capital Management LP acquired a new position in shares of KANZHUN during the 4th quarter valued at $163,000. Institutional investors and hedge funds own 60.67% of the company's stock.

KANZHUN Stock Up 1.1%

Shares of BZ traded up $0.26 during midday trading on Tuesday, hitting $24.94. The company had a trading volume of 1,519,799 shares, compared to its average volume of 4,128,539. The company's 50 day moving average price is $21.28 and its 200 day moving average price is $18.67. The stock has a market cap of $10.28 billion, a price-to-earnings ratio of 37.24 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.06 and a 52 week high of $25.26.

KANZHUN Dividend Announcement

The firm also recently declared a full year 25 dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th will be issued a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a dividend yield of 60.0%.

Analysts Set New Price Targets

Several research firms recently weighed in on BZ. UBS Group upgraded shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 target price on the stock in a report on Thursday, August 21st. Jefferies Financial Group lifted their price target on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Zacks Research raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Friday. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Barclays lifted their price target on shares of KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $21.17.

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.