Union Bancaire Privee UBP SA Acquires 53,350 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Union Bancaire Privee UBP SA has increased its stake in Kanzhun Limited by 40.8%, now owning 184,046 shares valued at approximately $3.28 million after acquiring an additional 53,350 shares.
• The company declared a full-year dividend of $0.084 per share, representing a yield of 60.0%, to be paid on October 23rd to shareholders of record on October 8th.
• Wall Street analysts have given KANZHUN a generally positive outlook, with two analysts rating it as a Strong Buy and a consensus price target of $21.17, indicating potential for further growth.

Union Bancaire Privee UBP SA raised its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,046 shares of the company's stock after buying an additional 53,350 shares during the quarter. Union Bancaire Privee UBP SA's holdings in KANZHUN were worth $3,283,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. lifted its stake in shares of 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 valued at $1,238,000 after purchasing an additional 60,000 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of KANZHUN by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 437,579 shares of the company's stock valued at $8,388,000 after purchasing an additional 13,763 shares during the period. Citigroup Inc. lifted its stake in shares of KANZHUN by 2.9% in the 1st quarter. Citigroup Inc. now owns 4,084,520 shares of the company's stock valued at $78,300,000 after purchasing an additional 116,280 shares during the period. Mackenzie Financial Corp purchased a new position in shares of KANZHUN in the 1st quarter valued at approximately $1,607,000. Finally, Diversified Trust Co purchased a new position in shares of KANZHUN in the 1st quarter valued at approximately $530,000. 60.67% of the stock is currently owned by institutional investors.

KANZHUN Price Performance

Shares of BZ opened at $23.44 on Tuesday. KANZHUN LIMITED Sponsored ADR has a one year low of $12.16 and a one year high of $25.26. The firm has a market capitalization of $9.66 billion, a P/E ratio of 34.99 and a beta of 0.44. The business has a fifty day moving average of $22.30 and a 200 day moving average of $19.10.

KANZHUN Dividend Announcement

The business 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 dividend of $0.084 per share. This represents a yield of 60.0%. The ex-dividend date of this dividend is Wednesday, October 8th. KANZHUN's payout ratio is currently 20.90%.

Wall Street Analyst Weigh In

BZ has been the subject of a number of research analyst reports. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Jefferies Financial Group raised 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. Barclays lifted their price objective on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. UBS Group upgraded 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, The Goldman Sachs Group reiterated a "buy" rating on shares of KANZHUN in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $21.17.

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.

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