Temasek Holdings Private Ltd Has $18.17 Million Stock Position in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Temasek Holdings Private Ltd increased its stake in KANZHUN LIMITED by 22.9%, owning a total of 947,865 shares worth approximately $18.17 million.
• Along with Temasek, other institutional investors have significantly raised their holdings, with China Universal Asset Management increasing theirs by 1,304.3%.
• KANZHUN has attracted positive analyst attention, receiving upgrades from firms like Daiwa America and UBS Group, which have raised their ratings and price targets for the stock.

Temasek Holdings Private Ltd grew its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 947,865 shares of the company's stock after purchasing an additional 176,338 shares during the quarter. Temasek Holdings Private Ltd owned about 0.24% of KANZHUN worth $18,171,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Krane Funds Advisors LLC grew its holdings in KANZHUN by 24.2% in the 1st quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock valued at $389,887,000 after buying an additional 3,961,488 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of KANZHUN by 2.9% in the first quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company's stock worth $284,133,000 after acquiring an additional 424,153 shares during the last quarter. WFM ASIA BVI Ltd increased its position in KANZHUN by 9.5% during the first quarter. WFM ASIA BVI Ltd now owns 8,658,500 shares of the company's stock worth $165,983,000 after acquiring an additional 751,200 shares during the period. Price T Rowe Associates Inc. MD raised its stake in KANZHUN by 31.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,325,904 shares of the company's stock valued at $159,609,000 after purchasing an additional 1,970,441 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in KANZHUN by 44.8% in the 4th quarter. Bank of America Corp DE now owns 5,612,727 shares of the company's stock valued at $77,456,000 after purchasing an additional 1,737,071 shares during the period. Institutional investors and hedge funds own 60.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BZ shares. Zacks Research cut shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Jefferies Financial Group boosted their price objective on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Daiwa America upgraded shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. UBS Group upgraded shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price objective for the company in a research note on Thursday, August 21st. Finally, Barclays raised their price objective on shares of KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $21.17.

KANZHUN Price Performance

Shares of BZ traded up $0.26 during trading hours on Wednesday, hitting $24.26. The stock had a trading volume of 3,081,826 shares, compared to its average volume of 4,143,837. KANZHUN LIMITED Sponsored ADR has a 52 week low of $11.81 and a 52 week high of $24.39. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 36.21 and a beta of 0.44. The company's fifty day moving average is $20.88 and its two-hundred day moving average is $18.45.

KANZHUN Dividend Announcement

The business also recently disclosed a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be given a $0.084 dividend. 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.