Analysts Set KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) PT at $21.17

Key Points

• Kanzhun Limited has received a consensus rating of "Moderate Buy" from eight brokerages, with price targets ranging from $20.00 to $26.00.
• The company declared a dividend of $0.084 per share, representing a yield of 60.0%, to be paid on October 23rd.
• Kanzhun's stock has a market cap of $10.07 billion and its shares recently opened at $24.54, with a 12-month high of $24.72.

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) has been assigned a consensus rating of "Buy" from the eight brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.1667.

A number of analysts recently issued reports on the stock. 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 report on Thursday, August 21st. Jefferies Financial Group raised their price target on KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Monday, June 2nd. Zacks Research raised shares of KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, Barclays increased their price objective on KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd.

Institutional Investors Weigh In On KANZHUN

Several institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. purchased a new stake in shares of KANZHUN during the first quarter worth about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of KANZHUN in the 1st quarter worth about $27,000. Brooklyn Investment Group raised its holdings in KANZHUN by 3,115.4% in the first quarter. Brooklyn Investment Group now owns 2,926 shares of the company's stock worth $56,000 after buying an additional 2,835 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in KANZHUN by 39.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company's stock worth $75,000 after buying an additional 1,185 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in KANZHUN by 52.5% in the second quarter. Osaic Holdings Inc. now owns 5,203 shares of the company's stock worth $93,000 after buying an additional 1,792 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

KANZHUN Stock Down 1.9%

NASDAQ:BZ traded down $0.48 during trading hours on Friday, hitting $24.43. 808,747 shares of the company traded hands, compared to its average volume of 4,139,973. The firm's 50-day simple moving average is $21.52 and its 200-day simple moving average is $18.75. The company has a market cap of $10.07 billion, a PE ratio of 36.47 and a beta of 0.44. KANZHUN has a one year low of $12.16 and a one year high of $25.26.

KANZHUN Announces Dividend

The firm 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 paid a $0.084 dividend. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a dividend yield of 60.0%.

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.