DekaBank Deutsche Girozentrale Acquires 33,750 Shares of KANZHUN LIMITED Sponsored ADR $BZ

DekaBank Deutsche Girozentrale increased its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 105.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,816 shares of the company’s stock after purchasing an additional 33,750 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in KANZHUN were worth $1,167,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BZ. First Horizon Advisors Inc. bought a new position in shares of KANZHUN in the first quarter worth approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of KANZHUN in the first quarter worth approximately $27,000. Brooklyn Investment Group boosted 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 worth $56,000 after purchasing an additional 2,835 shares during the period. AQR Capital Management LLC bought a new position in shares of KANZHUN in the first quarter worth approximately $201,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of KANZHUN in the second quarter worth approximately $225,000. 60.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on BZ shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of KANZHUN in a research report on Friday. Zacks Research upgraded shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, August 21st. Barclays upped their target price 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. Finally, Jefferies Financial Group upped their target price 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. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.17.

KANZHUN Stock Down 0.1%

KANZHUN stock opened at $22.14 on Monday. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 33.05 and a beta of 0.43. The firm’s fifty day moving average is $23.24 and its 200 day moving average is $19.66. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.16 and a 52-week high of $25.26.

KANZHUN Announces Dividend

The business also recently declared a full year 25 dividend, which was paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th were paid a $0.084 dividend. This represents a yield of 69.0%. The ex-dividend date of this dividend was Wednesday, October 8th. KANZHUN’s dividend payout ratio (DPR) is currently 20.90%.

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.