Hhlr Advisors LTD. Makes New $11.05 Million Investment in 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. bought a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 576,339 shares of the company's stock, valued at approximately $11,048,000. KANZHUN accounts for 0.3% of Hhlr Advisors LTD.'s investment portfolio, making the stock its 20th largest position. Hhlr Advisors LTD. owned 0.15% of KANZHUN as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BZ. CoreView Capital Management Ltd raised its position in KANZHUN by 23.5% during the 4th quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock valued at $42,168,000 after purchasing an additional 580,583 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of KANZHUN by 1,304.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 64,600 shares of the company's stock valued at $1,238,000 after buying an additional 60,000 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of KANZHUN by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 437,579 shares of the company's stock valued at $8,388,000 after acquiring an additional 13,763 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in KANZHUN by 3.2% in the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock worth $8,961,000 after acquiring an additional 20,100 shares during the period. Finally, Citigroup Inc. lifted its stake in KANZHUN by 2.9% in the first quarter. Citigroup Inc. now owns 4,084,520 shares of the company's stock worth $78,300,000 after acquiring an additional 116,280 shares during the period. Hedge funds and other institutional investors own 60.67% of the company's stock.

KANZHUN Price Performance

BZ stock traded down $0.14 during trading on Thursday, hitting $24.01. 2,298,360 shares of the stock traded hands, compared to its average volume of 4,166,843. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of 35.84 and a beta of 0.44. KANZHUN LIMITED Sponsored ADR has a 1 year low of $11.81 and a 1 year high of $24.33. The firm's 50 day moving average is $20.38 and its two-hundred day moving average is $18.22.

KANZHUN Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on BZ. Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. UBS Group raised shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target for the company in a research note on Thursday, August 21st. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Jefferies Financial Group upped 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. Finally, Barclays increased their target price on KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $21.17.

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.