Aberdeen Group plc Buys 29,606 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Aberdeen Group plc increased its stake in KANZHUN LIMITED by 14.5%, owning 234,126 shares worth approximately $4.49 million after acquiring an additional 29,606 shares in the first quarter.
• Wall Street analysts are optimistic about KANZHUN, with a recent upgrade to a "strong-buy" rating from Daiwa America and a target price increase from Jefferies Financial Group to $24.00.
• KANZHUN announced a $0.084 dividend to be paid to investors on October 16th, with the ex-dividend date set for October 6th.

Aberdeen Group plc boosted its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,126 shares of the company's stock after acquiring an additional 29,606 shares during the period. Aberdeen Group plc owned 0.06% of KANZHUN worth $4,488,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BZ. Mirae Asset Global Investments Co. Ltd. grew its stake in KANZHUN by 2,547.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,313,534 shares of the company's stock valued at $101,860,000 after acquiring an additional 5,112,824 shares in the last quarter. Krane Funds Advisors LLC grew its stake in KANZHUN by 24.2% during the first quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock valued at $389,887,000 after acquiring an additional 3,961,488 shares in the last quarter. Baillie Gifford & Co. purchased a new position in KANZHUN during the first quarter valued at approximately $71,111,000. Invesco Ltd. grew its stake in KANZHUN by 301.9% during the first quarter. Invesco Ltd. now owns 2,887,984 shares of the company's stock valued at $55,363,000 after acquiring an additional 2,169,416 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in KANZHUN by 44.8% during the fourth quarter. Bank of America Corp DE now owns 5,612,727 shares of the company's stock valued at $77,456,000 after acquiring an additional 1,737,071 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company's stock.

KANZHUN Trading Up 0.1%

Shares of BZ traded up $0.03 during mid-day trading on Tuesday, reaching $22.93. The company's stock had a trading volume of 14,594,668 shares, compared to its average volume of 4,139,924. The stock has a market cap of $9.41 billion, a PE ratio of 34.22 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 52 week low of $10.57 and a 52 week high of $24.03. The company's fifty day moving average price is $19.56 and its two-hundred day moving average price is $17.86.

KANZHUN Dividend Announcement

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

Analysts Set New Price Targets

BZ has been the subject of a number of research reports. UBS Group raised shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target for the company in a research note on Thursday, August 21st. Jefferies Financial Group boosted their price target on shares of 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 shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Barclays boosted 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 cut shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.17.

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.