KANZHUN LIMITED Sponsored ADR $BZ Shares Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd grew its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 79.8% during the 2nd quarter, Holdings Channel reports. The firm owned 47,045 shares of the company’s stock after purchasing an additional 20,880 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KANZHUN were worth $839,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in shares of KANZHUN in the first quarter valued at about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of KANZHUN in the first quarter valued at about $27,000. Brooklyn Investment Group grew its position in shares of 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 purchasing an additional 2,835 shares during the period. AQR Capital Management LLC acquired a new stake in shares of KANZHUN in the first quarter valued at about $201,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of KANZHUN in the second quarter valued at about $225,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

KANZHUN Price Performance

Shares of BZ stock opened at $22.38 on Tuesday. The firm’s 50-day moving average is $23.25 and its two-hundred day moving average is $19.71. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.16 and a 12 month high of $25.26. The company has a market capitalization of $9.27 billion, a PE ratio of 33.40 and a beta of 0.43.

KANZHUN Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on BZ. Weiss Ratings reiterated a “buy (b-)” rating on shares of KANZHUN in a research report on Wednesday, October 8th. Barclays boosted their price target on shares of KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. The Goldman Sachs Group restated a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Jefferies Financial Group boosted their price target on shares of KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, KANZHUN currently has a consensus rating of “Buy” and an average price target of $21.17.

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.