KANZHUN LIMITED Sponsored ADR $BZ Stock Position Decreased by Swedbank AB

Key Points

• Swedbank AB decreased its position in KANZHUN LIMITED Sponsored ADR by 35.9% in Q2, now holding 64,395 shares valued at approximately $1,149,000.
• Several hedge funds increased their holdings, with Hancock Whitney Corp raising its position by 5.6% and Sumitomo Mitsui DS Asset Management Company increasing by 25.4% in Q2.
• Analysts have set optimistic ratings for KANZHUN, with two analysts giving it a Strong Buy rating and the average price target now at $21.17.

Swedbank AB cut its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 35.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,395 shares of the company's stock after selling 36,000 shares during the period. Swedbank AB's holdings in KANZHUN were worth $1,149,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BZ. Hancock Whitney Corp increased its holdings in shares of KANZHUN by 5.6% during the 1st quarter. Hancock Whitney Corp now owns 23,609 shares of the company's stock valued at $453,000 after acquiring an additional 1,258 shares during the last quarter. First Horizon Advisors Inc. acquired a new position in shares of KANZHUN during the 1st quarter valued at about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of KANZHUN during the 1st quarter valued at about $27,000. APG Asset Management N.V. increased its holdings in shares of KANZHUN by 5.3% during the 1st quarter. APG Asset Management N.V. now owns 45,300 shares of the company's stock valued at $804,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of KANZHUN by 25.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,582 shares of the company's stock valued at $242,000 after acquiring an additional 2,748 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BZ. The Goldman Sachs Group reissued a "buy" rating on shares of KANZHUN in a report on Monday. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. UBS Group raised KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 target price on the stock in a report on Thursday, August 21st. Zacks Research raised KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, Barclays raised their target price on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, KANZHUN presently has an average rating of "Buy" and an average price target of $21.17.

KANZHUN Price Performance

KANZHUN stock opened at $23.76 on Tuesday. The company has a market capitalization of $9.79 billion, a PE ratio of 35.46 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a one year low of $12.16 and a one year high of $25.26. The business has a 50 day simple moving average of $21.85 and a 200 day simple moving average of $18.94.

KANZHUN Announces Dividend

The firm also recently disclosed a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be given a $0.084 dividend. The ex-dividend date is Wednesday, October 8th. This represents a 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.

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