KANZHUN LIMITED Sponsored ADR $BZ Shares Sold by B. Metzler seel. Sohn & Co. AG

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 lowered its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 115,611 shares of the company's stock after selling 17,343 shares during the quarter. 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 large investors have also modified their holdings of BZ. First Trust Advisors LP raised its holdings 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 purchasing an additional 999 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of KANZHUN by 38.6% during the 4th quarter. Voya Investment Management LLC now owns 19,031 shares of the company's stock worth $263,000 after acquiring an additional 5,302 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of KANZHUN during the 4th quarter worth approximately $160,000. Northern Trust Corp raised its stake in shares of KANZHUN by 197.6% during the 4th quarter. Northern Trust Corp now owns 1,242,384 shares of the company's stock worth $17,145,000 after acquiring an additional 824,853 shares in the last quarter. Finally, Bienville Capital Management LLC bought a new position in shares of KANZHUN during the 4th quarter worth approximately $11,968,000. Institutional investors own 60.67% of the company's stock.

KANZHUN Stock Up 0.4%

KANZHUN stock traded up $0.10 during trading on Tuesday, reaching $23.72. The stock had a trading volume of 2,834,086 shares, compared to its average volume of 4,164,550. KANZHUN LIMITED Sponsored ADR has a 52-week low of $11.81 and a 52-week high of $24.03. The business has a 50 day moving average price of $20.00 and a 200 day moving average price of $18.09. The stock has a market cap of $9.73 billion, a PE ratio of 35.40 and a beta of 0.43.

KANZHUN Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on BZ shares. Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Barclays boosted their price objective on shares of KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. UBS Group upgraded shares of 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. Finally, Jefferies Financial Group upped their price target 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 investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.