B. Metzler seel. Sohn & Co. AG Has $2.22 Million Position in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its holdings in KANZHUN LIMITED by 13.0%, selling 17,343 shares, resulting in ownership of 115,611 shares valued at approximately $2.2 million.
• KANZHUN recently announced a dividend of $0.084 per share, which will be paid on October 23rd to shareholders of record as of October 8th, representing a yield of 60.0%.
• Wall Street analysts are optimistic about KANZHUN, with Barclays and UBS upgrading their price targets and ratings, reflecting a consensus rating of "Moderate Buy" for the stock.

B. Metzler seel. Sohn & Co. AG reduced its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 13.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 115,611 shares of the company's stock after selling 17,343 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in KANZHUN were worth $2,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BZ. First Trust Advisors LP increased its stake 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 valued at $192,000 after buying an additional 999 shares during the period. Voya Investment Management LLC increased its stake in shares of KANZHUN by 38.6% in the 4th 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. Tudor Investment Corp ET AL acquired a new stake in shares of KANZHUN in the 4th quarter valued at $160,000. Northern Trust Corp increased its stake in shares of KANZHUN by 197.6% in the 4th quarter. Northern Trust Corp now owns 1,242,384 shares of the company's stock valued at $17,145,000 after buying an additional 824,853 shares during the period. Finally, Bienville Capital Management LLC acquired a new stake in shares of KANZHUN in the 4th quarter valued at $11,968,000. 60.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BZ shares. Barclays lifted 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. UBS Group raised 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. Jefferies Financial Group lifted their price objective on KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Finally, Zacks Research cut KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. 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 company. According to MarketBeat, KANZHUN currently has an average rating of "Moderate Buy" and an average target price of $21.17.

KANZHUN Stock Up 1.3%

Shares of KANZHUN stock traded up $0.31 on Wednesday, hitting $24.04. The stock had a trading volume of 2,376,851 shares, compared to its average volume of 4,165,152. KANZHUN LIMITED Sponsored ADR has a twelve month low of $11.81 and a twelve month high of $24.04. The business's 50 day moving average is $20.12 and its two-hundred day moving average is $18.13. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 35.93 and a beta of 0.44.

KANZHUN Announces Dividend

The company 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 given a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. 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.