Temasek Holdings Private Ltd Acquires 176,338 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Temasek Holdings Private Ltd boosted its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 22.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 947,865 shares of the company’s stock after buying an additional 176,338 shares during the quarter. Temasek Holdings Private Ltd owned approximately 0.24% of KANZHUN worth $18,171,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CoreView Capital Management Ltd raised its holdings in KANZHUN by 23.5% in the 4th quarter. CoreView Capital Management Ltd now owns 3,055,650 shares of the company’s stock valued at $42,168,000 after buying an additional 580,583 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in KANZHUN by 1,304.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 64,600 shares of the company’s stock valued at $1,238,000 after buying an additional 60,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in KANZHUN by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 437,579 shares of the company’s stock valued at $8,388,000 after buying an additional 13,763 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in KANZHUN by 3.2% in the 4th quarter. Nuveen Asset Management LLC now owns 649,330 shares of the company’s stock valued at $8,961,000 after buying an additional 20,100 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in KANZHUN by 2.9% in the 1st quarter. Citigroup Inc. now owns 4,084,520 shares of the company’s stock valued at $78,300,000 after buying an additional 116,280 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Daiwa America raised KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 2nd. UBS Group raised KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, August 21st. Zacks Research lowered KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Jefferies Financial Group lifted their price objective on KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Finally, Barclays lifted their price objective on KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, KANZHUN has a consensus rating of “Moderate Buy” and an average price target of $21.17.

KANZHUN Price Performance

NASDAQ BZ opened at $23.98 on Friday. The stock has a market capitalization of $9.84 billion, a P/E ratio of 35.79 and a beta of 0.44. KANZHUN LIMITED Sponsored ADR has a one year low of $11.81 and a one year high of $24.33. The business has a 50 day simple moving average of $20.49 and a 200 day simple moving average of $18.30.

KANZHUN Dividend Announcement

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

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.