Vident Advisory LLC Boosts Stock Position in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Vident Advisory LLC increased its stake in KANZHUN LIMITED by 207.5%, now owning 49,524 shares valued at approximately $949,000.
• Several brokerages have raised their price targets for KANZHUN, with Jefferies boosting it to $24.00 and UBS setting a target of $26.00, indicating a favorable market outlook.
• KANZHUN announced a full-year $0.084 dividend to be paid on October 23rd, reflecting a strong yield of 60.0% for shareholders of record.

Vident Advisory LLC boosted its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 207.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,524 shares of the company's stock after purchasing an additional 33,417 shares during the quarter. Vident Advisory LLC's holdings in KANZHUN were worth $949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BZ. First Horizon Advisors Inc. purchased a new stake in KANZHUN during the 1st quarter worth approximately $25,000. Brooklyn Investment Group lifted its position in shares of KANZHUN by 3,115.4% during the first quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock worth $56,000 after purchasing an additional 2,835 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of KANZHUN during the fourth quarter worth about $160,000. Quantinno Capital Management LP bought a new position in shares of KANZHUN during the fourth quarter worth about $163,000. Finally, Lighthouse Investment Partners LLC bought a new position in shares of KANZHUN during the fourth quarter worth about $166,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BZ. Jefferies Financial Group increased their price target on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. 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. Barclays increased their price target on shares of KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Zacks Research cut shares of KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Daiwa America raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. One 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.17.

KANZHUN Stock Down 0.6%

Shares of NASDAQ BZ opened at $24.01 on Friday. The firm's 50-day moving average price is $20.38 and its two-hundred day moving average price is $18.22. KANZHUN LIMITED Sponsored ADR has a 52-week low of $11.81 and a 52-week high of $24.33. The stock has a market capitalization of $9.85 billion, a P/E ratio of 35.84 and a beta of 0.44.

KANZHUN Dividend Announcement

The firm also recently announced 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 of this dividend is Wednesday, October 8th. This represents a yield of 60.0%.

About KANZHUN

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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