KANZHUN LIMITED Sponsored ADR $BZ Stake Boosted by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its holdings in KANZHUN LIMITED Sponsored ADR by 2.9%, owning 14,821,755 shares valued at approximately $284 million.
• Analysts have a positive outlook on KANZHUN, with several ratings upgrades, including a move from "hold" to "strong-buy" by Daiwa America, and an average target price of $18.50.
• Institutional investors collectively own 60.67% of KANZHUN's stock, indicating strong confidence in the company's market potential.

Vanguard Group Inc. grew its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,821,755 shares of the company's stock after acquiring an additional 424,153 shares during the period. Vanguard Group Inc. owned about 3.81% of KANZHUN worth $284,133,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. J. Safra Sarasin Holding AG boosted its holdings in KANZHUN by 475.6% in the first quarter. J. Safra Sarasin Holding AG now owns 75,215 shares of the company's stock valued at $1,442,000 after purchasing an additional 62,148 shares during the last quarter. XTX Topco Ltd boosted its holdings in KANZHUN by 185.2% in the first quarter. XTX Topco Ltd now owns 94,175 shares of the company's stock valued at $1,805,000 after purchasing an additional 61,155 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in KANZHUN in the first quarter valued at about $1,150,000. Trivest Advisors Ltd acquired a new stake in shares of KANZHUN during the first quarter worth approximately $3,911,000. Finally, Federated Hermes Inc. grew its position in shares of KANZHUN by 22.9% during the first quarter. Federated Hermes Inc. now owns 2,617,012 shares of the company's stock worth $50,168,000 after buying an additional 487,052 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

KANZHUN Stock Down 3.0%

NASDAQ:BZ traded down $0.70 during trading hours on Friday, reaching $22.84. 5,972,773 shares of the stock were exchanged, compared to its average volume of 3,875,045. The firm has a 50 day simple moving average of $19.37 and a 200-day simple moving average of $17.73. KANZHUN LIMITED Sponsored ADR has a 52 week low of $10.57 and a 52 week high of $24.03. The stock has a market capitalization of $9.37 billion, a P/E ratio of 34.09 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. Stockholders of record on Wednesday, October 8th will be issued a dividend of $0.084 per share. The ex-dividend date of this dividend is Monday, October 6th. This represents a dividend yield of 60.0%.

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.