KANZHUN LIMITED Sponsored ADR $BZ Stock Position Increased by Swedbank AB

Key Points

• Swedbank AB has significantly increased its investment in KANZHUN LIMITED Sponsored ADR by acquiring 51,283 shares, raising its total holdings to 100,395 shares worth approximately $1.93 million.
• Several analysts have upgraded their ratings for KANZHUN, with Barclays setting a target price of $25.00, indicating a positive outlook for the stock amidst China's economic reopening.
• KANZHUN announced a dividend of $0.084 per share to be paid on October 23rd, with a high dividend yield of 60.0% for stockholders of record on October 8th.

Swedbank AB lifted its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 104.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,395 shares of the company's stock after buying an additional 51,283 shares during the quarter. Swedbank AB's holdings in KANZHUN were worth $1,925,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BZ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of KANZHUN by 1,474.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company's stock valued at $183,130,000 after purchasing an additional 8,946,253 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of KANZHUN by 2,547.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,313,534 shares of the company's stock worth $101,860,000 after purchasing an additional 5,112,824 shares during the period. Krane Funds Advisors LLC lifted its position in KANZHUN by 24.2% during the 1st quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock valued at $389,887,000 after acquiring an additional 3,961,488 shares during the period. Baillie Gifford & Co. purchased a new position in KANZHUN during the 1st quarter valued at about $71,111,000. Finally, Goldman Sachs Group Inc. lifted its position in KANZHUN by 45.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,629,115 shares of the company's stock valued at $165,420,000 after acquiring an additional 2,678,683 shares during the period. Institutional investors own 60.67% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on BZ shares. Jefferies Financial Group lifted their price target on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Zacks Research upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. UBS Group upgraded shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Thursday, August 21st. Finally, Barclays increased their price target on shares of KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, KANZHUN currently has a consensus rating of "Buy" and a consensus target price of $21.17.

KANZHUN Trading Down 0.3%

BZ traded down $0.07 on Friday, hitting $24.28. 3,255,639 shares of the company's stock were exchanged, compared to its average volume of 4,354,626. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.16 and a fifty-two week high of $25.26. The firm has a 50-day moving average price of $21.75 and a 200-day moving average price of $18.87. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 36.24 and a beta of 0.44.

KANZHUN Dividend Announcement

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

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.