KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Receives Average Rating of “Moderate Buy” from Brokerages

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $21.1667.

Several research analysts have recently commented on the company. UBS Group upgraded KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, August 21st. Jefferies Financial Group boosted their price target on KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Zacks Research downgraded KANZHUN from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Daiwa America upgraded KANZHUN from a “hold” rating to a “strong-buy” rating in a report on Monday, June 2nd. Finally, Barclays boosted their price target on KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, August 22nd.

KANZHUN Trading Down 0.1%

BZ opened at $24.54 on Friday. The company has a market cap of $10.07 billion, a P/E ratio of 36.63 and a beta of 0.44. The business’s 50-day moving average price is $21.14 and its 200-day moving average price is $18.57. KANZHUN has a 12 month low of $11.85 and a 12 month high of $24.72.

KANZHUN Announces Dividend

The firm also recently declared a full year 25 dividend, which will be paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th will be issued a dividend of $0.084 per share. This represents a yield of 60.0%. The ex-dividend date is Wednesday, October 8th.

Institutional Trading of KANZHUN

Several large investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its position in KANZHUN by 52.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,203 shares of the company’s stock valued at $93,000 after acquiring an additional 1,792 shares in the last quarter. Public Sector Pension Investment Board boosted its position in KANZHUN by 11.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 111,506 shares of the company’s stock valued at $1,989,000 after acquiring an additional 11,700 shares in the last quarter. Vident Advisory LLC boosted its position in KANZHUN by 7.8% during the 2nd quarter. Vident Advisory LLC now owns 53,398 shares of the company’s stock valued at $953,000 after acquiring an additional 3,874 shares in the last quarter. Tidal Investments LLC boosted its position in KANZHUN by 29.2% during the 2nd quarter. Tidal Investments LLC now owns 42,908 shares of the company’s stock valued at $765,000 after acquiring an additional 9,708 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in KANZHUN by 9.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 288,308 shares of the company’s stock valued at $5,143,000 after acquiring an additional 24,700 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

KANZHUN Company 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.