Public Sector Pension Investment Board Raises Stock Position in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Public Sector Pension Investment Board increased its holdings in KANZHUN LIMITED Sponsored ADR by 18.1%, owning nearly 99,806 shares worth approximately $1.9 million as of the latest SEC filing.
• KANZHUN declared a full-year $0.084 per share dividend, with payment scheduled for October 16th, impacting shareholders of record as of October 8th.
• Equities analysts show mixed sentiments with Zacks Research downgrading the stock to a "hold" while Daiwa America upgraded it to "strong-buy"; the average price target stands at $19.60.

Public Sector Pension Investment Board lifted its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 18.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 99,806 shares of the company's stock after acquiring an additional 15,300 shares during the period. Public Sector Pension Investment Board's holdings in KANZHUN were worth $1,913,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. First Trust Advisors LP lifted its stake in KANZHUN by 7.7% in the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after purchasing an additional 999 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in shares of KANZHUN during the first quarter valued at about $25,000. Asset Management One Co. Ltd. increased its position in shares of KANZHUN by 7.9% during the first quarter. Asset Management One Co. Ltd. now owns 45,585 shares of the company's stock valued at $874,000 after buying an additional 3,322 shares during the period. IFM Investors Pty Ltd increased its position in shares of KANZHUN by 37.9% during the first quarter. IFM Investors Pty Ltd now owns 14,833 shares of the company's stock valued at $284,000 after buying an additional 4,075 shares during the period. Finally, Voya Investment Management LLC increased its position in shares of KANZHUN by 38.6% during the fourth quarter. Voya Investment Management LLC now owns 19,031 shares of the company's stock valued at $263,000 after buying an additional 5,302 shares during the period. 60.67% of the stock is owned by institutional investors.

KANZHUN Trading Up 0.2%

NASDAQ BZ traded up $0.0350 on Monday, hitting $22.8750. 1,988,700 shares of the company traded hands, compared to its average volume of 4,110,792. KANZHUN LIMITED Sponsored ADR has a 52-week low of $10.57 and a 52-week high of $24.03. The business's 50 day moving average price is $19.37 and its 200-day moving average price is $17.77. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 34.14 and a beta of 0.41.

KANZHUN Dividend Announcement

The business also recently announced a full year 25 dividend, which will be paid on Thursday, October 16th. Shareholders of record on Wednesday, October 8th will be issued a dividend of $0.084 per share. The ex-dividend date is Monday, October 6th. This represents a yield of 60.0%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BZ shares. UBS Group upgraded shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a research report on Thursday. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Barclays increased 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. Zacks Research downgraded 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 price objective on shares of KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.17.

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.