Price T Rowe Associates Inc. MD Has $159.61 Million Stake in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Price T Rowe Associates Inc. increased its stake in KANZHUN LIMITED by 31.0%, now owning 8,325,904 shares, representing approximately 2.14% of the company.
• KANZHUN recently announced a dividend of $0.084 per share, yielding 60.0%, with payment scheduled for October 16th.
• Equity analysts have upgraded KANZHUN's stock ratings, with targets ranging from $20.00 to $26.00, highlighting a consensus rating of "Moderate Buy."

Price T Rowe Associates Inc. MD lifted its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 31.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,325,904 shares of the company's stock after acquiring an additional 1,970,441 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.14% of KANZHUN worth $159,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. First Trust Advisors LP raised its position in shares of KANZHUN by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after acquiring an additional 999 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of KANZHUN in the 1st quarter worth about $25,000. Brooklyn Investment Group raised its position in shares of KANZHUN by 3,115.4% in the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock worth $56,000 after acquiring an additional 2,835 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of KANZHUN by 7.9% in the 1st 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 in the last quarter. Finally, IFM Investors Pty Ltd raised its position in shares of KANZHUN by 37.9% in the 1st quarter. IFM Investors Pty Ltd now owns 14,833 shares of the company's stock worth $284,000 after acquiring an additional 4,075 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BZ shares. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 target price for the company in a research note on Thursday, August 21st. Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Barclays raised their target price on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group raised their target price on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, KANZHUN currently has a consensus rating of "Moderate Buy" and an average price target of $21.17.

KANZHUN Stock Up 1.1%

BZ stock traded up $0.25 during mid-day trading on Thursday, reaching $23.10. 3,100,383 shares of the company traded hands, compared to its average volume of 4,172,334. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 34.48 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $11.48 and a fifty-two week high of $24.03. The firm's 50 day moving average price is $19.66 and its 200 day moving average price is $17.90.

KANZHUN Announces Dividend

The business also recently declared a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be paid a dividend of $0.084 per share. The ex-dividend date is Wednesday, October 8th. This represents a yield of 60.0%.

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.