KANZHUN (NASDAQ:BZ) Sets New 52-Week High - Should You Buy?

Key Points

• Kanzhun Limited (NASDAQ:BZ) reached a new 52-week high of $24.82 during trading, closing at $24.68 with a trading volume of over 5.8 million shares.
• The company recently announced a dividend of $0.084 per share, representing a yield of 60.0%, to be paid to shareholders on October 23rd.
• Analyst ratings are mixed, with Zacks Research downgrading Kanzhun to a "hold" while several firms upgraded their ratings, leading to a current consensus rating of "Moderate Buy".

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.82 and last traded at $24.68, with a volume of 5832125 shares. The stock had previously closed at $24.54.

Wall Street Analyst Weigh In

BZ has been the topic of several research reports. Jefferies Financial Group raised their price objective on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Barclays boosted 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. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Zacks Research upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Finally, 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 note on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $21.17.

KANZHUN Trading Down 0.3%

The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 36.24 and a beta of 0.44. The business's fifty day simple moving average is $21.75 and its 200 day simple moving average is $18.87.

KANZHUN Announces Dividend

The company also recently announced a full year 25 dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th will be issued a $0.084 dividend. This represents a dividend yield of 60.0%. The ex-dividend date of this dividend is Wednesday, October 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. acquired a new stake in shares of KANZHUN during the 1st quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in KANZHUN during the first quarter worth $27,000. Brooklyn Investment Group grew 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 purchasing an additional 2,835 shares during the period. PNC Financial Services Group Inc. grew 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 purchasing an additional 1,185 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of KANZHUN by 52.5% during the second quarter. Osaic Holdings Inc. now owns 5,203 shares of the company's stock valued at $93,000 after buying an additional 1,792 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.

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.