Korea Investment CORP Has $3.95 Million Stock Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Korea Investment CORP has increased its holdings in KANZHUN LIMITED by 15.5%, acquiring an additional 27,600 shares to reach a total of 206,190 shares, valued at approximately $3.95 million.
• The company recently announced a dividend of $0.084 per share, with a yield of 60.0%, set to be paid on October 16th to shareholders of record on October 8th.
• KANZHUN's stock has attracted positive attention from analysts, with several upgrades and a Moderate Buy consensus rating, as well as an average price target of $21.17.

Korea Investment CORP grew its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 206,190 shares of the company's stock after buying an additional 27,600 shares during the period. Korea Investment CORP owned approximately 0.05% of KANZHUN worth $3,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group boosted its stake in KANZHUN by 3,115.4% in the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock worth $56,000 after purchasing an additional 2,835 shares during the period. Aberdeen Group plc boosted its stake in KANZHUN by 14.5% in the 1st quarter. Aberdeen Group plc now owns 234,126 shares of the company's stock worth $4,488,000 after purchasing an additional 29,606 shares during the period. WFM ASIA BVI Ltd boosted its stake in KANZHUN by 9.5% in the 1st quarter. WFM ASIA BVI Ltd now owns 8,658,500 shares of the company's stock worth $165,983,000 after purchasing an additional 751,200 shares during the period. FengHe Fund Management Pte. Ltd. acquired a new position in KANZHUN in the 1st quarter worth $4,463,000. Finally, Resona Asset Management Co. Ltd. boosted its stake in KANZHUN by 7.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 68,910 shares of the company's stock worth $1,324,000 after purchasing an additional 4,942 shares during the period. Institutional investors and hedge funds own 60.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BZ. Jefferies Financial Group upped 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. 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 downgraded shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. 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, Barclays increased 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.17.

KANZHUN Stock Up 2.3%

Shares of BZ stock traded up $0.52 on Friday, reaching $23.62. The stock had a trading volume of 4,371,979 shares, compared to its average volume of 4,789,135. The firm's 50-day moving average is $19.89 and its two-hundred day moving average is $18.01. The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 35.25 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 12 month low of $11.48 and a 12 month high of $24.03.

KANZHUN Dividend Announcement

The business also recently declared 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 of this dividend is Wednesday, October 8th.

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.