Matthews International Capital Management LLC trimmed its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 11.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 951,390 shares of the company's stock after selling 123,052 shares during the quarter. KANZHUN makes up about 3.9% of Matthews International Capital Management LLC's portfolio, making the stock its 8th biggest holding. Matthews International Capital Management LLC owned 0.23% of KANZHUN worth $16,973,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of the stock. First Horizon Advisors Inc. bought a new position in shares of KANZHUN during the 1st quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in KANZHUN in the 1st quarter valued at $27,000. 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 valued at $56,000 after purchasing an additional 2,835 shares during the period. AQR Capital Management LLC bought a new stake in shares of KANZHUN during the 1st quarter valued at $201,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position 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 period. 60.67% of the stock is currently owned by institutional investors.
KANZHUN Trading Up 0.3%
Shares of KANZHUN stock opened at $23.47 on Friday. The company has a market capitalization of $9.67 billion, a P/E ratio of 35.03 and a beta of 0.43. The stock has a fifty day simple moving average of $22.58 and a 200 day simple moving average of $19.20. KANZHUN LIMITED Sponsored ADR has a 12-month low of $12.16 and a 12-month high of $25.26.
KANZHUN Dividend Announcement
The firm also recently declared 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. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend is Wednesday, October 8th.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on BZ. Barclays boosted their price target on KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of KANZHUN in a research report on Saturday, September 27th. Jefferies Financial Group upped their price target on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Zacks Research upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of KANZHUN in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $21.17.
View Our Latest Stock Report on KANZHUN
KANZHUN Profile
(
Free Report)
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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