KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.39 and last traded at $24.25, with a volume of 1806924 shares changing hands. The stock had previously closed at $24.00.
Wall Street Analyst Weigh In
A number of analysts have issued reports on BZ shares. Barclays boosted their target price on KANZHUN from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Jefferies Financial Group boosted their target price on KANZHUN from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. UBS Group raised KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 target price on the stock in a research report on Thursday, August 21st. Daiwa America raised KANZHUN from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Zacks Research lowered KANZHUN from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.17.
Read Our Latest Research Report on KANZHUN
KANZHUN Trading Up 0.6%
The stock has a market capitalization of $10.17 billion, a PE ratio of 36.63 and a beta of 0.43. The company's 50 day simple moving average is $21.28 and its 200 day simple moving average is $18.67.
KANZHUN Dividend Announcement
The company 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 paid a $0.084 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend is Wednesday, October 8th.
Institutional Trading of KANZHUN
Several hedge funds and other institutional investors have recently bought and sold shares of BZ. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of KANZHUN by 1,474.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company's stock valued at $183,130,000 after buying an additional 8,946,253 shares during the period. Norges Bank purchased a new stake in shares of KANZHUN during the 2nd quarter valued at $123,984,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of KANZHUN by 2,547.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,313,534 shares of the company's stock valued at $101,860,000 after buying an additional 5,112,824 shares during the period. Krane Funds Advisors LLC grew its stake in shares of KANZHUN by 24.2% during the 1st quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock valued at $389,887,000 after buying an additional 3,961,488 shares during the period. Finally, Baillie Gifford & Co. purchased a new stake in shares of KANZHUN during the 1st quarter valued at $71,111,000. 60.67% of the stock is owned by hedge funds and other institutional investors.
KANZHUN Company Profile
(
Get Free Report)
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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