Itau Unibanco Holding S.A. purchased a new position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 34,422 shares of the company's stock, valued at approximately $660,000.
A number of other institutional investors also recently bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of KANZHUN by 7.7% during the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock valued at $192,000 after purchasing an additional 999 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of KANZHUN in the first quarter worth approximately $25,000. APG Asset Management N.V. grew its position in KANZHUN by 5.3% during the first quarter. APG Asset Management N.V. now owns 45,300 shares of the company's stock valued at $804,000 after buying an additional 2,300 shares during the period. Brooklyn Investment Group increased its holdings in KANZHUN by 3,115.4% during the first quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock valued at $56,000 after buying an additional 2,835 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in KANZHUN by 7.9% in the first quarter. Asset Management One Co. Ltd. now owns 45,585 shares of the company's stock worth $874,000 after acquiring an additional 3,322 shares during the period. Institutional investors own 60.67% of the company's stock.
KANZHUN Trading Up 1.7%
Shares of NASDAQ:BZ traded up $0.40 during midday trading on Wednesday, reaching $24.13. 2,510,196 shares of the company were exchanged, compared to its average volume of 4,167,153. The stock has a market cap of $9.90 billion, a PE ratio of 36.01 and a beta of 0.44. The business's fifty day moving average is $20.12 and its two-hundred day moving average is $18.13. KANZHUN LIMITED Sponsored ADR has a one year low of $11.81 and a one year high of $24.10.
KANZHUN Dividend Announcement
The company also recently disclosed a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be paid a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a yield of 60.0%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BZ. Barclays boosted their price objective on shares of 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 boosted their price target on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target for the company in a research report on Thursday, August 21st. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, KANZHUN has a consensus rating of "Moderate Buy" and an average target price of $21.17.
Check Out Our Latest Research Report on BZ
KANZHUN Company Profile
(
Free Report)
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.
Featured Stories
Before you consider KANZHUN, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KANZHUN wasn't on the list.
While KANZHUN currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
