Lansforsakringar Fondforvaltning AB publ Sells 94,412 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Lansforsakringar Fondforvaltning AB publi recently reduced its stake in KANZHUN LIMITED by 65.8%, now holding 49,000 shares valued at $939,000.
• KANZHUN has declared a dividend of $0.084 per share to be paid on October 23rd, representing a yield of 60.0% for investors of record on October 8th.
• Several analysts have upgraded KANZHUN's stock rating, with a consensus rating of "Moderate Buy" and an average price target of $21.17.

Lansforsakringar Fondforvaltning AB publ trimmed its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 65.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,000 shares of the company's stock after selling 94,412 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in KANZHUN were worth $939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BZ. First Trust Advisors LP raised its holdings in shares of KANZHUN by 7.7% during the fourth quarter. First Trust Advisors LP now owns 13,927 shares of the company's stock worth $192,000 after acquiring an additional 999 shares during the period. Voya Investment Management LLC increased its stake in 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 last quarter. Tudor Investment Corp ET AL acquired a new stake in KANZHUN in the 4th quarter valued at $160,000. Northern Trust Corp increased its stake in 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 last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in KANZHUN in the 4th quarter valued at $19,926,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on BZ. Barclays lifted their price target on shares of KANZHUN from $22.00 to $25.00 and gave the company 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 target on the stock 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. Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Jefferies Financial Group lifted 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 equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.17.

KANZHUN Trading Down 0.1%

Shares of BZ traded down $0.03 during midday trading on Friday, reaching $23.98. The stock had a trading volume of 3,431,050 shares, compared to its average volume of 4,576,790. The firm has a 50 day simple moving average of $20.49 and a 200-day simple moving average of $18.30. KANZHUN LIMITED Sponsored ADR has a one year low of $11.81 and a one year high of $24.33. The firm has a market cap of $9.84 billion, a PE ratio of 35.79 and a beta of 0.44.

KANZHUN Announces Dividend

The business also recently announced a full year 25 dividend, which will be paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th will be issued a dividend of $0.084 per share. 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.