Hhlr Advisors LTD. Buys Shares of 576,339 KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Hhlr Advisors LTD acquired a new stake in KANZHUN LIMITED, purchasing 576,339 shares valued at approximately $11 million, making it the firm's 20th largest holding.
• KANZHUN recently announced a dividend of $0.084 per share, with a yield of 60.0%, set to be paid on October 23rd to shareholders of record on October 8th.
• Analysts have varied opinions on KANZHUN's stock, with Zacks lowering its rating to "hold," while firms like Jefferies and UBS have issued buy ratings with price targets up to $26.00.

Hhlr Advisors LTD. purchased a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 576,339 shares of the company's stock, valued at approximately $11,048,000. KANZHUN makes up 0.3% of Hhlr Advisors LTD.'s portfolio, making the stock its 20th biggest position. Hhlr Advisors LTD. owned approximately 0.15% of KANZHUN at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada grew its stake in shares of KANZHUN by 268.6% during the 1st quarter. Royal Bank of Canada now owns 2,227,311 shares of the company's stock worth $42,697,000 after acquiring an additional 1,623,117 shares in the last quarter. Vident Advisory LLC grew its stake in shares of KANZHUN by 207.5% during the 1st quarter. Vident Advisory LLC now owns 49,524 shares of the company's stock worth $949,000 after acquiring an additional 33,417 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of KANZHUN by 12.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,492,263 shares of the company's stock worth $47,777,000 after acquiring an additional 269,349 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of KANZHUN by 14.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 3,086,200 shares of the company's stock worth $59,162,000 after acquiring an additional 396,900 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of KANZHUN in the first quarter valued at $660,000. 60.67% of the stock is owned by institutional investors.

KANZHUN Stock Performance

Shares of NASDAQ BZ traded down $0.03 during mid-day trading on Friday, reaching $23.98. The company had a trading volume of 3,431,050 shares, compared to its average volume of 4,576,790. KANZHUN LIMITED Sponsored ADR has a one year low of $11.81 and a one year high of $24.33. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 35.79 and a beta of 0.44. The business's 50-day simple moving average is $20.49 and its 200 day simple moving average is $18.28.

KANZHUN Dividend Announcement

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

Wall Street Analysts Forecast Growth

BZ has been the subject of several research reports. Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Jefferies Financial Group raised 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. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Barclays raised their price target on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Finally, UBS Group raised 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.17.

KANZHUN 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.