RWC Asset Advisors US LLC Sells 2,490,511 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• RWC Asset Advisors US LLC cut its KANZHUN stake by 85.7%, selling 2.49 million shares and retaining 415,558 shares valued at approximately $5.35 million.
• Despite the sale, institutional interest remains substantial, with institutions owning 60.67% of KANZHUN; several major funds recently increased their positions.
• KANZHUN reported quarterly revenue of $353.05 million and EPS of $0.33. Analysts maintain a “Moderate Buy” consensus with an average price target of $19.33, versus a recent share price of $16.92.

RWC Asset Advisors US LLC lowered its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 85.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 415,558 shares of the company's stock after selling 2,490,511 shares during the quarter. KANZHUN comprises 1.2% of RWC Asset Advisors US LLC's portfolio, making the stock its 12th biggest holding. RWC Asset Advisors US LLC owned 0.10% of KANZHUN worth $5,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in KANZHUN during the 4th quarter worth approximately $105,095,000. Perseverance Asset Management International increased its stake in shares of KANZHUN by 1,603.8% in the first quarter. Perseverance Asset Management International now owns 4,287,565 shares of the company's stock worth $57,410,000 after purchasing an additional 4,035,923 shares in the last quarter. Schroder Investment Management Group raised its position in shares of KANZHUN by 15.9% during the 4th quarter. Schroder Investment Management Group now owns 24,433,878 shares of the company's stock valued at $497,962,000 after purchasing an additional 3,352,779 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of KANZHUN by 362.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,706,948 shares of the company's stock valued at $86,594,000 after buying an additional 2,904,542 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in KANZHUN by 1,186.8% in the 2nd quarter. California State Teachers Retirement System now owns 2,935,158 shares of the company's stock worth $37,775,000 after buying an additional 2,707,067 shares during the period. 60.67% of the stock is currently owned by institutional investors.

KANZHUN Stock Performance

Shares of BZ opened at $16.92 on Tuesday. The stock has a market capitalization of $6.94 billion, a PE ratio of 11.92, a P/E/G ratio of 1.81 and a beta of 0.48. The company's fifty day moving average is $15.70 and its 200 day moving average is $14.67. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.57 and a fifty-two week high of $25.26.

KANZHUN (NASDAQ:BZ - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $0.33 EPS for the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. The business had revenue of $353.05 million during the quarter. As a group, research analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current year.

KANZHUN Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, October 14th. Investors of record on Monday, September 28th will be given a $0.51 dividend. The ex-dividend date is Monday, September 28th. This represents a yield of 313.0%. KANZHUN's dividend payout ratio (DPR) is currently 10.56%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BZ. Barclays boosted their price objective on KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Weiss Ratings raised KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Sanford C. Bernstein reissued an "outperform" rating and issued a $19.00 price target on shares of KANZHUN in a report on Wednesday, August 26th. Zacks Research upgraded KANZHUN from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Finally, Bank of America began coverage on shares of KANZHUN in a report on Tuesday, August 18th. They set a "neutral" rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.33.

KANZHUN Company Profile

Kanzhun Ltd. NASDAQ: BZ operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.

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