Headlands Technologies LLC lifted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 238.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,462 shares of the company's stock after purchasing an additional 84,171 shares during the quarter. Headlands Technologies LLC's holdings in KANZHUN were worth $1,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in shares of KANZHUN during the 1st quarter valued at $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in KANZHUN during the first quarter valued at approximately $27,000. Millennium Management LLC lifted its position in shares of KANZHUN by 85.3% in the first quarter. Millennium Management LLC now owns 942,035 shares of the company's stock valued at $18,059,000 after acquiring an additional 433,705 shares in the last quarter. American Century Companies Inc. lifted its stake in KANZHUN by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 69,707 shares of the company's stock worth $1,244,000 after purchasing an additional 2,096 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of KANZHUN by 315.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company's stock valued at $104,000 after purchasing an additional 4,442 shares in the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on BZ. Weiss Ratings upgraded KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Sanford C. Bernstein restated an "outperform" rating and issued a $19.00 price objective on shares of KANZHUN in a research note on Wednesday, August 26th. Barclays upped their price objective on KANZHUN from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday. Zacks Research upgraded KANZHUN from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Finally, Bank of America initiated coverage on KANZHUN in a report on Tuesday, August 18th. They set a "neutral" rating and a $19.00 target price for the company. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.33.
View Our Latest Analysis on BZ
KANZHUN Trading Down 2.5%
Shares of NASDAQ:BZ opened at $17.36 on Tuesday. The company has a market cap of $7.12 billion, a PE ratio of 12.23, a P/E/G ratio of 1.90 and a beta of 0.48. The company's 50 day moving average is $15.29 and its two-hundred day moving average is $14.69. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.57 and a 52 week high of $25.26.
KANZHUN (NASDAQ:BZ - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.33 EPS for the quarter. The business had revenue of $353.05 million for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. As a group, equities research analysts expect that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current year.
KANZHUN Announces Dividend
The company also recently announced an annual dividend, which will be paid on Wednesday, October 14th. Investors of record on Monday, September 28th will be given a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a dividend yield of 313.0%. KANZHUN's dividend payout ratio is 10.56%.
KANZHUN Company Profile
(
Free Report)
Kanzhun Ltd. NASDAQ: BZ operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.
Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.
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