Aviva PLC Has $3.73 Million Stake in KANZHUN LIMITED Sponsored ADR $BZ

Aviva PLC grew its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 13.7% in the 2nd quarter, Holdings Channel reports. The fund owned 209,292 shares of the company’s stock after purchasing an additional 25,199 shares during the quarter. Aviva PLC’s holdings in KANZHUN were worth $3,734,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of KANZHUN in the 1st quarter valued at approximately $27,000. Brooklyn Investment Group lifted its stake in KANZHUN by 3,115.4% in the first 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. AQR Capital Management LLC acquired a new position in shares of KANZHUN in the first quarter valued at approximately $201,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of KANZHUN during the second quarter worth $225,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of KANZHUN by 25.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,582 shares of the company’s stock worth $242,000 after acquiring an additional 2,748 shares during the period. Institutional investors own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Monday. Barclays increased their price objective on KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. 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. Jefferies Financial Group upped their price target on KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.17.

KANZHUN Trading Up 1.1%

NASDAQ:BZ opened at $21.34 on Thursday. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.16 and a 1-year high of $25.26. The firm has a fifty day simple moving average of $22.93 and a 200 day simple moving average of $20.34. The stock has a market capitalization of $8.84 billion, a PE ratio of 31.85 and a beta of 0.42.

KANZHUN Dividend Announcement

The company also recently disclosed a full year 25 dividend, which was paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th were paid a dividend of $0.084 per share. The ex-dividend date was Wednesday, October 8th. This represents a dividend yield of 69.0%. KANZHUN’s payout ratio is currently 22.39%.

KANZHUN 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.