Vident Advisory LLC Increases 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 raised its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) by 207.5% in the first quarter, according to its most recent filing with the SEC. The firm 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 institutional investors and hedge funds also recently made changes to their positions in BZ. CoreView Capital Management Ltd grew its stake in shares of KANZHUN by 23.5% in the 4th quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company's stock valued at $42,168,000 after buying an additional 580,583 shares during the period. China Universal Asset Management Co. Ltd. boosted 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 buying an additional 60,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of KANZHUN by 3.2% in the first 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 in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of KANZHUN by 3.2% in the fourth quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company's stock worth $8,961,000 after buying an additional 20,100 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of KANZHUN by 2.9% during 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 in the last quarter. Institutional investors own 60.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

KANZHUN Stock Performance

Shares of NASDAQ BZ traded up $0.26 during midday trading on Wednesday, hitting $24.26. 3,081,826 shares of the company's stock traded hands, compared to its average volume of 4,526,114. The firm has a fifty day moving average of $20.88 and a 200 day moving average of $18.45. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 36.21 and a beta of 0.44. KANZHUN LIMITED Sponsored ADR has a 1 year low of $11.81 and a 1 year high of $24.39.

KANZHUN Dividend Announcement

The company also recently disclosed a full year 25 dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.084 per share. This represents a dividend 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.