Northern Trust Corp Has $23.46 Million Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Northern Trust Corp reduced its stake in KANZHUN LIMITED by 1.5%, owning approximately 1.22 million shares worth $23.46 million after selling 18,563 shares in Q1 2023.
• Several institutional investors, including Mirae Asset Global Investments and Invesco Ltd., significantly increased their holdings in KANZHUN during the same period, showcasing heightened interest in the company.
• KANZHUN has declared a $0.084 per share dividend to be paid on October 23rd, representing a notable yield of 60.0% for investors of record as of October 8th.

Northern Trust Corp lessened its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 1.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,223,821 shares of the company's stock after selling 18,563 shares during the quarter. Northern Trust Corp owned about 0.31% of KANZHUN worth $23,461,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. bought a new stake in KANZHUN during the 1st quarter worth about $25,000. Brooklyn Investment Group grew its position in shares of KANZHUN by 3,115.4% during the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock worth $56,000 after buying an additional 2,835 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of KANZHUN during the fourth quarter worth approximately $160,000. Quantinno Capital Management LP acquired a new position in KANZHUN in the fourth quarter valued at approximately $163,000. Finally, Lighthouse Investment Partners LLC bought a new position in KANZHUN in the fourth quarter valued at approximately $166,000. Institutional investors own 60.67% of the company's stock.

Wall Street Analyst Weigh In

BZ has been the topic of a number of analyst reports. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Barclays upped their price objective on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Jefferies Financial Group increased their target price on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 target price for the company in a research report on Thursday, August 21st. Finally, Zacks Research cut 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 given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.17.

KANZHUN Price Performance

Shares of KANZHUN stock traded down $0.25 during trading hours on Thursday, hitting $23.91. The company's stock had a trading volume of 904,772 shares, compared to its average volume of 4,158,418. The company has a market capitalization of $9.81 billion, a PE ratio of 35.66 and a beta of 0.44. The stock has a 50 day moving average of $20.25 and a 200 day moving average of $18.17. KANZHUN LIMITED Sponsored ADR has a 12 month low of $11.81 and a 12 month high of $24.33.

KANZHUN Announces Dividend

The business also recently announced a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be issued a dividend of $0.084 per share. This represents a yield of 60.0%. The ex-dividend date is Wednesday, October 8th.

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.