KANZHUN LIMITED Sponsored ADR $BZ Shares Sold by HSG Holding Ltd

Key Points

• HSG Holding Ltd decreased its holdings in KANZHUN LIMITED Sponsored ADR by 74.2% during the first quarter, reducing its ownership to 1.9% of its portfolio, with 1,900,000 shares valued at approximately $36.42 million.
• KANZHUN's stock received an upgrade from Daiwa America, moving from a "hold" rating to a "strong-buy", contributing to a current consensus rating of "Buy" among analysts.
• Institutional investors control 60.67% of KANZHUN stock, indicating strong interest from larger financial entities, as several firms have recently adjusted their stakes in the company.

HSG Holding Ltd decreased its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 74.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,900,000 shares of the company's stock after selling 5,458,396 shares during the quarter. KANZHUN comprises approximately 1.9% of HSG Holding Ltd's investment portfolio, making the stock its 4th biggest holding. HSG Holding Ltd owned about 0.49% of KANZHUN worth $36,423,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Aberdeen Group plc lifted its holdings in KANZHUN by 14.5% during the first quarter. Aberdeen Group plc now owns 234,126 shares of the company's stock worth $4,488,000 after acquiring an additional 29,606 shares in the last quarter. WFM ASIA BVI Ltd lifted its holdings in shares of KANZHUN by 9.5% during the 1st quarter. WFM ASIA BVI Ltd now owns 8,658,500 shares of the company's stock valued at $165,983,000 after purchasing an additional 751,200 shares in the last quarter. FengHe Fund Management Pte. Ltd. acquired a new position in shares of KANZHUN in the 1st quarter valued at approximately $4,463,000. Resona Asset Management Co. Ltd. increased its stake in KANZHUN by 7.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 68,910 shares of the company's stock worth $1,324,000 after purchasing an additional 4,942 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in KANZHUN by 18.1% during the 1st quarter. Public Sector Pension Investment Board now owns 99,806 shares of the company's stock worth $1,913,000 after purchasing an additional 15,300 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on BZ shares. Daiwa America raised 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 on the stock in a research note on Thursday. Jefferies Financial Group upped their price target on KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays raised their price target on shares of KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Zacks Research lowered shares of 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 given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $21.17.

KANZHUN Price Performance

Shares of KANZHUN stock traded down $0.5830 during trading on Friday, reaching $22.9570. 3,082,858 shares of the company traded hands, compared to its average volume of 4,105,742. The firm has a market capitalization of $9.42 billion, a PE ratio of 34.13 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. The company has a 50 day moving average price of $19.26 and a 200-day moving average price of $17.68.

KANZHUN Announces Dividend

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

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.