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 boosted its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 15.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,190 shares of the company's stock after acquiring an additional 27,600 shares during the period. Korea Investment CORP owned 0.05% of KANZHUN worth $3,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BZ. Brooklyn Investment Group grew its position 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 last quarter. Aberdeen Group plc grew its position 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 last quarter. WFM ASIA BVI Ltd grew its position 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 last quarter. FengHe Fund Management Pte. Ltd. acquired a new stake in KANZHUN in the 1st quarter worth $4,463,000. Finally, Resona Asset Management Co. Ltd. grew its position 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 last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

BZ has been the topic of several research analyst reports. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Barclays increased their price objective 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 objective for the company in a research note on Thursday, August 21st. Jefferies Financial Group increased their price objective 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. Finally, Zacks Research cut shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. One research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.17.

KANZHUN Trading Up 0.7%

Shares of KANZHUN stock traded up $0.17 during mid-day trading on Thursday, reaching $23.02. 1,825,127 shares of the stock were exchanged, compared to its average volume of 4,164,323. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 34.35 and a beta of 0.41. The firm has a 50-day simple moving average of $19.66 and a 200 day simple moving average of $17.90. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $11.48 and a fifty-two week high of $24.03.

KANZHUN Announces Dividend

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

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.