Allspring Global Investments Holdings LLC Has $42.93 Million Position in KANZHUN LIMITED Sponsored ADR $BZ

Allspring Global Investments Holdings LLC trimmed its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,453,356 shares of the company's stock after selling 462,478 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.60% of KANZHUN worth $42,934,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BZ. Matthews International Capital Management LLC increased its position in KANZHUN by 26.7% during the 1st quarter. Matthews International Capital Management LLC now owns 1,074,442 shares of the company's stock worth $20,597,000 after buying an additional 226,152 shares during the period. UG Investment Advisers Ltd. bought a new position in KANZHUN during the 1st quarter worth $9,001,000. GAM Holding AG bought a new position in KANZHUN during the 1st quarter worth $2,396,000. Oppenheimer Asset Management Inc. increased its position in KANZHUN by 42.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 20,872 shares of the company's stock worth $400,000 after buying an additional 6,192 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in KANZHUN by 7.9% during the 1st quarter. Asset Management One Co. Ltd. now owns 45,585 shares of the company's stock worth $874,000 after buying an additional 3,322 shares during the period. Institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on BZ shares. Zacks Research upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. The Goldman Sachs Group reissued a "buy" rating on shares of KANZHUN in a report on Monday, September 22nd. UBS Group raised 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. Weiss Ratings reissued a "buy (b-)" rating on shares of KANZHUN in a report on Wednesday, October 8th. Finally, Jefferies Financial Group increased their target price on KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $21.17.

KANZHUN Stock Down 3.6%

NASDAQ:BZ opened at $21.93 on Wednesday. The stock's 50-day simple moving average is $23.12 and its 200 day simple moving average is $19.35. The firm has a market capitalization of $9.04 billion, a PE ratio of 32.73 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.16 and a twelve month high of $25.26.

KANZHUN Dividend Announcement

The firm also recently disclosed a full year 25 dividend, which will be paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th will be paid a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a yield of 69.0%. KANZHUN's dividend payout ratio (DPR) is 20.90%.

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.

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