KANZHUN LIMITED Sponsored ADR $BZ Stock: China Universal Asset Management Co. Ltd. Boosts Stake

China Universal Asset Management Co. Ltd. grew its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 58.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 103,000 shares of the company’s stock after buying an additional 38,000 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in KANZHUN were worth $1,512,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC grew its position in KANZHUN by 5,732.4% during the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock worth $29,000 after buying an additional 2,121 shares in the last quarter. OceanIQ Capital LLC bought a new stake in shares of KANZHUN in the 2nd quarter worth approximately $193,000. Rakuten Investment Management Inc. acquired a new stake in shares of KANZHUN during the 2nd quarter worth approximately $251,000. AXQ Capital LP acquired a new stake in shares of KANZHUN during the 2nd quarter worth approximately $378,000. Finally, Raiffeisen Bank International AG grew its holdings in shares of KANZHUN by 286.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company’s stock worth $441,000 after purchasing an additional 25,200 shares in the last quarter. Institutional investors own 60.67% of the company’s stock.

Insider Activity

In related news, CEO Peng Zhao sold 15,170,000 shares of the firm’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $7.25, for a total transaction of $109,982,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Xu Chen sold 400,000 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $8.50, for a total value of $3,400,000.00. Following the transaction, the chief marketing officer owned 153,340 shares of the company’s stock, valued at approximately $1,303,390. This trade represents a 72.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,574,304 shares of company stock worth $121,583,960 over the last quarter. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on BZ. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $19.00 target price on shares of KANZHUN in a research report on Wednesday, August 26th. Bank of America began coverage on shares of KANZHUN in a report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price target for the company. Finally, Barclays increased their target price on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.33.

KANZHUN Price Performance

Shares of KANZHUN stock opened at $16.54 on Friday. The company has a market capitalization of $6.86 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.50. The business has a 50-day moving average of $15.93 and a two-hundred day moving average of $15.33. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.57 and a 1 year high of $22.66.

KANZHUN (NASDAQ:BZ) last released its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. The business had revenue of $353.05 million for the quarter. On average, equities analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1.00 EPS for the current fiscal year.

KANZHUN Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were issued a $0.51 dividend. This represents a dividend yield of 360.0%. The ex-dividend date was Monday, September 28th. KANZHUN’s dividend payout ratio is 35.92%.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform serving job seekers and employers in China. The platform is designed to facilitate direct communication between candidates and hiring companies, helping users discover job opportunities, exchange information and arrange interviews.

BOSS Zhipin is available through mobile applications and online platforms. Its services support recruitment across a broad range of industries and company sizes, including opportunities for professional, technical and other workers.