KANZHUN LIMITED Sponsored ADR $BZ Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa significantly reduced its stake in KANZHUN LIMITED by 47.1%, now holding 76,575 shares valued at $1,366,000.
• KANZHUN's stock recently increased by 2.2%, with a current trading price of $23.40 and a market capitalization of $9.64 billion.
• The company announced a full year $0.084 dividend, to be paid on October 23rd, representing a 60.0% yield for shareholders of record on October 8th.

Lbp Am Sa lowered its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 47.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,575 shares of the company's stock after selling 68,305 shares during the quarter. Lbp Am Sa's holdings in KANZHUN were worth $1,366,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA raised its position in KANZHUN by 40.8% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 184,046 shares of the company's stock worth $3,283,000 after buying an additional 53,350 shares during the last quarter. Ashoka WhiteOak Capital Pte Ltd raised its position in KANZHUN by 117.2% during the 2nd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 65,400 shares of the company's stock worth $1,207,000 after buying an additional 35,287 shares during the last quarter. Assenagon Asset Management S.A. raised its position in KANZHUN by 12.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,880,549 shares of the company's stock worth $69,229,000 after buying an additional 427,213 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in KANZHUN during the 2nd quarter worth $1,873,000. Finally, TT International Asset Management LTD purchased a new position in KANZHUN during the 2nd quarter worth $503,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

KANZHUN Trading Up 2.2%

NASDAQ:BZ opened at $23.40 on Friday. The firm has a 50-day moving average price of $22.51 and a two-hundred day moving average price of $19.18. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.16 and a twelve month high of $25.26. The company has a market capitalization of $9.64 billion, a P/E ratio of 34.93 and a beta of 0.43.

KANZHUN Announces Dividend

The firm also recently announced a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be issued a dividend of $0.084 per share. This represents a yield of 60.0%. The ex-dividend date is Wednesday, October 8th. KANZHUN's dividend payout ratio (DPR) is 20.90%.

Wall Street Analyst Weigh In

BZ has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. The Goldman Sachs Group reiterated a "buy" rating on shares of KANZHUN in a report on Monday, September 22nd. UBS Group upgraded shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target for the company in a report on Thursday, August 21st. Zacks Research upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, Barclays increased their price target on shares of KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus 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.

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