KANZHUN LIMITED Sponsored ADR $BZ Position Increased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in KANZHUN LIMITED by 301.9%, purchasing an additional 2,169,416 shares, bringing its total to approximately 2,887,984 shares valued at $55.36 million.
• Kanzhun's stock opened at $21.37, with a market cap of $8.77 billion, and it has a consensus rating of Buy from analysts, following an upgrade from Daiwa America to a strong-buy rating.
• Institutional investors now hold 60.67% of KANZHUN's shares, reflecting growing interest and activity among major funds in the company's stock.

Invesco Ltd. raised its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 301.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,887,984 shares of the company's stock after buying an additional 2,169,416 shares during the period. Invesco Ltd. owned approximately 0.74% of KANZHUN worth $55,363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new position in KANZHUN in the 1st quarter valued at about $25,000. Townsquare Capital LLC bought a new position in shares of KANZHUN during the fourth quarter worth about $157,000. Tudor Investment Corp ET AL bought a new position in shares of KANZHUN during the fourth quarter worth about $160,000. Quantinno Capital Management LP bought a new position in shares of KANZHUN during the fourth quarter worth about $163,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of KANZHUN during the fourth quarter worth about $166,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

KANZHUN Stock Performance

Shares of NASDAQ:BZ traded up $1.6650 during trading hours on Thursday, hitting $23.7450. The stock had a trading volume of 5,049,732 shares, compared to its average volume of 4,101,009. KANZHUN LIMITED Sponsored ADR has a 1-year low of $10.57 and a 1-year high of $24.03. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 40.94 and a beta of 0.41. The stock's fifty day simple moving average is $19.16 and its 200 day simple moving average is $17.62.

KANZHUN Dividend Announcement

The business also recently disclosed a full year 25 dividend, which will be paid on Thursday, October 16th. Investors of record on Wednesday, October 8th will be paid a dividend of $0.084 per share. The ex-dividend date is Monday, October 6th.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BZ shares. UBS Group raised shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a research report on Thursday. Zacks Research cut shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Jefferies Financial Group increased their price target on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.67.

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.