Hsbc Holdings PLC Acquires 28,625 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• HSBC Holdings PLC increased its stake in KANZHUN LIMITED by 1.9%, acquiring an additional 28,625 shares in the first quarter, bringing its total to approximately 1.56 million shares valued at $29.9 million.
• KANZHUN has announced a $0.084 dividend to be paid to shareholders on October 16, representing a significant yield of 60.0%.
• Several analysts provided a mixed outlook on KANZHUN, with ratings ranging from "Strong Buy" to "Hold," and target prices varying from $20.00 to $26.00.

Hsbc Holdings PLC boosted its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,560,583 shares of the company's stock after purchasing an additional 28,625 shares during the quarter. Hsbc Holdings PLC owned about 0.40% of KANZHUN worth $29,900,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in KANZHUN in the 1st quarter valued at $25,000. Brooklyn Investment Group boosted its stake 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 during the period. Tudor Investment Corp ET AL bought a new stake in KANZHUN in the 4th quarter valued at $160,000. Quantinno Capital Management LP bought a new stake in KANZHUN in the 4th quarter valued at $163,000. Finally, Lighthouse Investment Partners LLC bought a new stake in KANZHUN in the 4th quarter valued at $166,000. 60.67% of the stock is currently owned by institutional investors.

KANZHUN Price Performance

Shares of BZ stock traded up $0.26 on Thursday, hitting $23.11. 926,047 shares of the company's stock were exchanged, compared to its average volume of 4,158,352. KANZHUN LIMITED Sponsored ADR has a 12 month low of $11.48 and a 12 month high of $24.03. The stock has a market cap of $9.48 billion, a P/E ratio of 34.45 and a beta of 0.41. The company has a 50 day moving average of $19.66 and a 200 day moving average of $17.90.

KANZHUN Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 target price for the company in a research report on Thursday, August 21st. Barclays upped their target price on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Jefferies Financial Group upped their target price on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Finally, Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, KANZHUN presently has an average rating of "Moderate Buy" and an average 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.