KANZHUN LIMITED Sponsored ADR $BZ Shares Sold by Woodline Partners LP

Key Points

• Woodline Partners LP reduced its holdings in Kanzhun Limited by 37.2% in Q1, now owning approximately 0.11% of the company valued at $7.9 million after selling 245,110 shares.
• The company declared a full year $0.084 dividend per share, resulting in a yield of 60.0%, to be paid on October 23rd.
• Analysts have recently increased KANZHUN's price targets, with Barclays raising it to $25.00 and UBS upgrading it to a "buy" rating with a target of $26.00.

Woodline Partners LP decreased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 37.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 414,141 shares of the company's stock after selling 245,110 shares during the period. Woodline Partners LP owned about 0.11% of KANZHUN worth $7,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Serenity Capital Management PTE. LTD. purchased a new stake in shares of KANZHUN during the first quarter worth about $23,008,000. Goldman Sachs Group Inc. increased its stake in shares of KANZHUN by 45.0% during the first quarter. Goldman Sachs Group Inc. now owns 8,629,115 shares of the company's stock worth $165,420,000 after purchasing an additional 2,678,683 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in shares of KANZHUN by 22.9% during the first quarter. Temasek Holdings Private Ltd now owns 947,865 shares of the company's stock worth $18,171,000 after purchasing an additional 176,338 shares in the last quarter. Millennium Management LLC increased its stake in shares of KANZHUN by 85.3% during the first quarter. Millennium Management LLC now owns 942,035 shares of the company's stock worth $18,059,000 after purchasing an additional 433,705 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of KANZHUN during the first quarter worth about $27,000. Hedge funds and other institutional investors own 60.67% of the company's stock.

KANZHUN Price Performance

BZ traded down $0.02 on Friday, reaching $24.54. 3,003,237 shares of the company's stock were exchanged, compared to its average volume of 4,418,789. The stock has a market cap of $10.11 billion, a PE ratio of 36.63 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a twelve month low of $11.85 and a twelve month high of $24.72. The stock's fifty day moving average price is $21.14 and its 200-day moving average price is $18.61.

KANZHUN Announces Dividend

The company 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 $0.084 dividend. This represents a yield of 60.0%. The ex-dividend date is Wednesday, October 8th.

Analyst Upgrades and Downgrades

BZ has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. UBS Group raised shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 target price for the company in a research note on Thursday, August 21st. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Barclays boosted 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, August 22nd. Finally, Zacks Research lowered shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.17.

KANZHUN Company 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.