Hsbc Holdings PLC Grows Stake in 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 raised its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,560,583 shares of the company's stock after buying 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BZ. First Trust Advisors LP lifted its position in KANZHUN by 7.7% during the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock valued at $192,000 after buying an additional 999 shares during the period. Voya Investment Management LLC grew its stake in shares of KANZHUN by 38.6% in the fourth quarter. Voya Investment Management LLC now owns 19,031 shares of the company's stock worth $263,000 after acquiring an additional 5,302 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of KANZHUN by 70.0% in the fourth quarter. Hancock Whitney Corp now owns 22,351 shares of the company's stock worth $308,000 after acquiring an additional 9,205 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of KANZHUN in the fourth quarter worth $160,000. Finally, Northern Trust Corp grew its stake in shares of KANZHUN by 197.6% in the fourth quarter. Northern Trust Corp now owns 1,242,384 shares of the company's stock worth $17,145,000 after acquiring an additional 824,853 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

KANZHUN Stock Up 0.2%

BZ traded up $0.05 during midday trading on Wednesday, reaching $22.98. The company had a trading volume of 2,171,214 shares, compared to its average volume of 4,171,640. The business has a 50-day moving average of $19.56 and a two-hundred day moving average of $17.86. The company has a market cap of $9.43 billion, a P/E ratio of 34.28 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 1 year low of $10.57 and a 1 year high of $24.03.

KANZHUN Dividend Announcement

The firm also recently announced a full year 25 dividend, which will be paid on Thursday, October 16th. Investors of record on Wednesday, October 8th will be given a dividend of $0.084 per share. The ex-dividend date is Monday, October 6th. This represents a dividend yield of 60.0%. KANZHUN's dividend payout ratio (DPR) is currently 20.90%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BZ shares. Jefferies Financial Group increased their target price on KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Barclays increased their target price on KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, UBS Group raised KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, KANZHUN presently has a consensus rating of "Moderate Buy" and an average target price of $21.17.

About KANZHUN

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.