KANZHUN LIMITED Sponsored ADR $BZ Shares Bought by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in KANZHUN LIMITED by 45%, owning a total of 8,629,115 shares valued at approximately $165.4 million.
• The company recently announced a $0.084 dividend with a yield of 60%, set to be paid on October 23rd to investors recorded by October 8th.
• Analysts have given KANZHUN an average rating of Moderate Buy with target prices ranging from $22.00 to $26.00, highlighting positive growth outlooks.

Goldman Sachs Group Inc. lifted its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 45.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,629,115 shares of the company's stock after buying an additional 2,678,683 shares during the period. Goldman Sachs Group Inc. owned approximately 2.22% of KANZHUN worth $165,420,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Hancock Whitney Corp increased its holdings in shares of KANZHUN by 5.6% during the 1st quarter. Hancock Whitney Corp now owns 23,609 shares of the company's stock worth $453,000 after buying an additional 1,258 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in KANZHUN in the 1st quarter valued at $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in KANZHUN in the 1st quarter valued at $27,000. APG Asset Management N.V. increased its holdings in KANZHUN by 5.3% in the 1st quarter. APG Asset Management N.V. now owns 45,300 shares of the company's stock valued at $804,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in KANZHUN by 3,115.4% in the 1st 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 in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BZ. Jefferies Financial Group increased their price target on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target for the company in a report on Thursday, August 21st. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Zacks Research upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Friday. Finally, Barclays raised their target price on KANZHUN from $22.00 to $25.00 and gave the company 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $21.17.

KANZHUN Trading Up 0.5%

NASDAQ BZ traded up $0.13 during trading hours on Tuesday, reaching $24.81. The company's stock had a trading volume of 3,525,725 shares, compared to its average volume of 4,544,114. The business has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $18.71. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.06 and a 52 week high of $25.26. The stock has a market cap of $10.22 billion, a PE ratio of 37.03 and a beta of 0.44.

KANZHUN Announces Dividend

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

KANZHUN Company 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.