KANZHUN LIMITED Sponsored ADR $BZ Shares Acquired by Public Sector Pension Investment Board

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 raised its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 18.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,806 shares of the company's stock after purchasing an additional 15,300 shares during the period. Public Sector Pension Investment Board's holdings in KANZHUN were worth $1,913,000 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. Invesco Ltd. increased its position in KANZHUN by 301.9% during the first quarter. Invesco Ltd. now owns 2,887,984 shares of the company's stock worth $55,363,000 after purchasing an additional 2,169,416 shares during the last quarter. Citigroup Inc. increased its position in shares of KANZHUN by 2.9% in the first quarter. Citigroup Inc. now owns 4,084,520 shares of the company's stock worth $78,300,000 after acquiring an additional 116,280 shares in the last quarter. AI Squared Management Ltd acquired a new stake in shares of KANZHUN in the first quarter worth $531,000. Deutsche Bank AG increased its position in shares of KANZHUN by 5.7% in the first quarter. Deutsche Bank AG now owns 630,639 shares of the company's stock worth $12,089,000 after acquiring an additional 33,763 shares in the last quarter. Finally, AlpInvest Partners B.V. acquired a new stake in shares of KANZHUN in the first quarter worth $1,013,000. Institutional investors and hedge funds own 60.67% of the company's stock.

KANZHUN Stock Up 0.1%

Shares of NASDAQ:BZ traded up $0.03 on Tuesday, reaching $22.93. 14,594,668 shares of the company's stock were exchanged, compared to its average volume of 4,139,924. The firm has a market capitalization of $9.41 billion, a price-to-earnings ratio of 34.22 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $10.57 and a fifty-two week high of $24.03. The business's 50-day moving average is $19.56 and its two-hundred day moving average is $17.86.

KANZHUN Announces Dividend

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

Analysts Set New Price Targets

BZ has been the subject of several recent research reports. Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Barclays upped their target price on shares of KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group upgraded shares of 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. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. 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 note on Wednesday, August 20th. 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 stock. According to data from MarketBeat.com, KANZHUN presently has an average rating of "Moderate Buy" and an average target price of $21.17.

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.