TT International Asset Management LTD bought a new stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 28,207 shares of the company's stock, valued at approximately $503,000.
Other large investors have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. increased its holdings in KANZHUN by 1,304.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 64,600 shares of the company's stock worth $1,238,000 after acquiring an additional 60,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in KANZHUN by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 437,579 shares of the company's stock worth $8,388,000 after acquiring an additional 13,763 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in KANZHUN by 3.2% in the 4th quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock worth $8,961,000 after acquiring an additional 20,100 shares in the last quarter. Citigroup Inc. increased its holdings in KANZHUN by 2.9% in the 1st quarter. Citigroup Inc. now owns 4,084,520 shares of the company's stock worth $78,300,000 after acquiring an additional 116,280 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in KANZHUN in the 1st quarter worth $1,607,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.
KANZHUN Price Performance
Shares of NASDAQ BZ traded down $0.07 during trading on Friday, hitting $24.28. 3,255,639 shares of the company were exchanged, compared to its average volume of 4,354,626. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 36.24 and a beta of 0.44. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.16 and a 1 year high of $25.26. The firm's fifty day moving average price is $21.75 and its 200 day moving average price is $18.88.
KANZHUN Announces Dividend
The firm also recently declared a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be issued a $0.084 dividend. The ex-dividend date is Wednesday, October 8th. This represents a yield of 60.0%. KANZHUN's payout ratio is 20.90%.
Analyst Ratings Changes
BZ has been the subject of several recent analyst reports. Zacks Research raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Barclays increased their target price on shares of KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. UBS Group raised shares of KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a research report on Thursday, August 21st. Jefferies Financial Group raised their target price on shares of KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Finally, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $21.17.
View Our Latest Stock Report on BZ
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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