Legacy Wealth Asset Management LLC Buys Shares of 146,295 KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Legacy Wealth Asset Management LLC acquired 146,295 shares of KANZHUN LIMITED Sponsored ADR, valued at approximately $2.61 million, making it the fund's 19th biggest position.
• KANZHUN recently announced a $0.084 dividend to be paid on October 23rd, with a substantial dividend yield of 69.0%.
• Wall Street analysts have given KANZHUN a consensus "Buy" rating, with various target prices indicating potential growth, including an increase by Barclays from $22.00 to $25.00.

Legacy Wealth Asset Management LLC bought a new stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 146,295 shares of the company's stock, valued at approximately $2,610,000. KANZHUN comprises 0.7% of Legacy Wealth Asset Management LLC's investment portfolio, making the stock its 19th biggest position.

Other large investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of KANZHUN in the 1st quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of KANZHUN in the 1st quarter worth approximately $27,000. Brooklyn Investment Group lifted its holdings in shares of 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 acquiring an additional 2,835 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of KANZHUN in the 1st quarter worth approximately $201,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of KANZHUN in the 2nd quarter worth approximately $225,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

KANZHUN Trading Up 2.5%

Shares of NASDAQ:BZ opened at $22.21 on Tuesday. The company's 50 day moving average is $23.21 and its two-hundred day moving average is $19.45. The company has a market cap of $9.15 billion, a PE ratio of 33.15 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.16 and a 52 week high of $25.26.

KANZHUN Announces Dividend

The business 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 $0.084 dividend. This represents a dividend yield of 69.0%. The ex-dividend date of this dividend is Wednesday, October 8th. KANZHUN's dividend payout ratio (DPR) is 20.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reiterated a "buy" rating on shares of KANZHUN in a report on Monday, September 22nd. Barclays increased their target price on shares of KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Zacks Research upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Jefferies Financial Group increased their target price on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of KANZHUN in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, KANZHUN presently has a consensus rating of "Buy" and a consensus price target 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.

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