Canada Pension Plan Investment Board Purchases 396,900 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• The Canada Pension Plan Investment Board increased its stake in KANZHUN LIMITED Sponsored ADR by 14.8%, acquiring an additional 396,900 shares during the first quarter, bringing its total to 3,086,200 shares valued at approximately $59.16 million.
• KANZHUN recently declared a $0.084 dividend to be paid on October 23rd, reflecting a notable dividend yield of 60.0%.
• The stock has seen mixed analyst ratings, with Zacks Research downgrading it from “strong-buy” to “hold,” while others like UBS Group and Jefferies Financial Group have given it upgraded “buy” ratings and higher price targets.

Canada Pension Plan Investment Board increased its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 14.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,086,200 shares of the company's stock after purchasing an additional 396,900 shares during the period. Canada Pension Plan Investment Board owned approximately 0.79% of KANZHUN worth $59,162,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new position in KANZHUN in the 1st quarter worth $25,000. Brooklyn Investment Group boosted its holdings in shares of KANZHUN by 3,115.4% during the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock valued at $56,000 after acquiring an additional 2,835 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of KANZHUN during the 4th quarter valued at about $160,000. Quantinno Capital Management LP purchased a new stake in shares of KANZHUN during the 4th quarter valued at about $163,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of KANZHUN in the fourth quarter worth approximately $166,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on BZ. Barclays lifted their price target on shares of KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Jefferies Financial Group lifted their price objective 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. Finally, UBS Group raised shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price objective for the company in a research note on Thursday, August 21st. One 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 stock. According to data from MarketBeat.com, KANZHUN presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.17.

KANZHUN Trading Down 1.1%

BZ traded down $0.28 during trading on Thursday, reaching $23.88. 1,077,538 shares of the company were exchanged, compared to its average volume of 4,159,472. KANZHUN LIMITED Sponsored ADR has a 52 week low of $11.81 and a 52 week high of $24.33. The stock has a market cap of $9.80 billion, a P/E ratio of 35.63 and a beta of 0.44. The firm has a 50 day moving average of $20.25 and a 200 day moving average of $18.17.

KANZHUN Announces Dividend

The business 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 issued a dividend of $0.084 per share. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend is Wednesday, October 8th.

About KANZHUN

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.