Brokerages Set KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Target Price at $21.17

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has been assigned an average recommendation of “Buy” from the ten analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $21.1667.

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. The Goldman Sachs Group reissued a “buy” rating on shares of KANZHUN in a research note on Monday, September 22nd. Jefferies Financial Group lifted their price objective on shares of KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of KANZHUN in a research note on Wednesday, October 8th. Finally, UBS Group raised shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, August 21st.

Hedge Funds Weigh In On KANZHUN

Institutional investors and hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. purchased a new position in shares of KANZHUN during the 1st quarter worth about $25,000. IFM Investors Pty Ltd boosted its stake in shares of KANZHUN by 37.9% during the 1st quarter. IFM Investors Pty Ltd now owns 14,833 shares of the company’s stock worth $284,000 after purchasing an additional 4,075 shares during the period. Penserra Capital Management LLC boosted its stake in shares of KANZHUN by 32.4% during the 1st quarter. Penserra Capital Management LLC now owns 114,988 shares of the company’s stock worth $2,204,000 after purchasing an additional 28,161 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of KANZHUN by 44.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,310 shares of the company’s stock worth $639,000 after purchasing an additional 10,250 shares during the period. Finally, China Universal Asset Management Co. Ltd. boosted its stake in shares of KANZHUN by 1,304.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 64,600 shares of the company’s stock worth $1,238,000 after purchasing an additional 60,000 shares during the period. 60.67% of the stock is owned by hedge funds and other institutional investors.

KANZHUN Stock Performance

BZ opened at $21.55 on Friday. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 32.16 and a beta of 0.42. The company has a fifty day moving average of $23.21 and a 200 day moving average of $20.09. KANZHUN has a fifty-two week low of $12.16 and a fifty-two week high of $25.26.

KANZHUN Dividend Announcement

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

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.