Charles Schwab Investment Management Inc. Has $8.39 Million Stock Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Charles Schwab Investment Management Inc. increased its position in KANZHUN LIMITED by 3.2%, acquiring an additional 13,763 shares, bringing its total to 437,579 shares valued at approximately $8.4 million.
• Several research firms have upgraded KANZHUN's stock, with Jefferies raising the price target from $20.00 to $24.00 and UBS setting it at $26.00, contributing to a consensus rating of "Moderate Buy".
• KANZHUN announced a dividend of $0.084 per share, to be paid on October 16, reflecting a strong yield of 60.0%, with an ex-dividend date set for October 6.

Charles Schwab Investment Management Inc. increased its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 437,579 shares of the company's stock after buying an additional 13,763 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.11% of KANZHUN worth $8,388,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BZ. First Horizon Advisors Inc. acquired a new stake in KANZHUN during the first quarter worth about $25,000. Tudor Investment Corp ET AL acquired a new stake in KANZHUN during the fourth quarter valued at approximately $160,000. Quantinno Capital Management LP bought a new stake in shares of KANZHUN in the 4th quarter valued at approximately $163,000. Lighthouse Investment Partners LLC bought a new stake in shares of KANZHUN in the 4th quarter valued at approximately $166,000. Finally, First Trust Advisors LP grew its stake in shares of KANZHUN by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock valued at $192,000 after purchasing an additional 999 shares during the period. 60.67% of the stock is owned by institutional investors and hedge funds.

KANZHUN Price Performance

BZ stock traded up $0.52 during trading hours on Friday, reaching $23.62. 4,371,979 shares of the stock were exchanged, compared to its average volume of 4,868,406. The firm's 50-day moving average is $19.89 and its 200-day moving average is $18.04. The company has a market cap of $9.69 billion, a price-to-earnings ratio of 35.25 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a 12 month low of $11.48 and a 12 month high of $24.03.

KANZHUN Announces Dividend

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

Analysts Set New Price Targets

BZ has been the topic of several analyst reports. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price objective on the stock in a research note on Thursday, August 21st. Zacks Research lowered KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays upped their price objective on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group upped their price objective on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, KANZHUN presently has an average rating of "Moderate Buy" and a consensus price target 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.