KANZHUN LIMITED Sponsored ADR $BZ Shares Acquired by Aberdeen Group plc

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 increased its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 14.5% during 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 approximately 0.06% of KANZHUN worth $4,488,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

BZ has been the subject of several analyst reports. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Zacks Research cut shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Jefferies Financial Group increased their target price on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, KANZHUN has an average rating of "Moderate Buy" and an average target price of $19.60.

KANZHUN Trading Up 4.8%

BZ stock opened at $22.08 on Thursday. The stock has a market cap of $9.06 billion, a P/E ratio of 38.07 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a twelve month low of $10.57 and a twelve month high of $22.67. The company's 50 day moving average is $19.16 and its two-hundred day moving average is $17.62.

KANZHUN Dividend Announcement

The business 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 given a $0.084 dividend. The ex-dividend date of this dividend is Monday, October 6th.

KANZHUN 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.

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