KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Given Average Recommendation of “Buy” by Analysts

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has earned an average rating of “Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.1667.

A number of analysts have recently weighed in on BZ shares. UBS Group raised shares of 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. Barclays upped their price objective on shares of KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Zacks Research raised shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Jefferies Financial Group increased their target price on KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KANZHUN in a report on Saturday, September 27th.

Hedge Funds Weigh In On KANZHUN

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

KANZHUN Stock Down 1.2%

Shares of BZ stock opened at $24.05 on Wednesday. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 35.90 and a beta of 0.43. The business’s fifty day moving average is $22.76 and its 200 day moving average is $19.24. KANZHUN has a twelve month low of $12.16 and a twelve month high of $25.26.

KANZHUN Announces Dividend

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 given a $0.084 dividend. This represents a yield of 70.0%. The ex-dividend date of this dividend is Wednesday, October 8th.

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.