Nordea Investment Management AB Has $5.81 Million Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Nordea Investment Management AB boosted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,771 shares of the company’s stock after buying an additional 20,329 shares during the quarter. Nordea Investment Management AB’s holdings in KANZHUN were worth $5,806,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its stake 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 in the last quarter. Citigroup Inc. boosted its stake 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 in the last quarter. Mackenzie Financial Corp acquired a new stake in KANZHUN in the 1st quarter valued at $1,607,000. Finally, Diversified Trust Co acquired a new stake in KANZHUN in the 1st quarter valued at $530,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group raised KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Thursday, August 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Zacks Research upgraded KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Barclays lifted their price objective on KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Jefferies Financial Group lifted their price objective on KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, KANZHUN has a consensus rating of “Buy” and an average price target of $21.17.

KANZHUN Stock Up 2.5%

BZ stock opened at $22.21 on Tuesday. The company has a market cap of $9.15 billion, a P/E ratio of 33.15 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.16 and a twelve month high of $25.26. The business has a fifty day moving average of $23.21 and a 200-day moving average of $19.45.

KANZHUN Dividend Announcement

The company also recently announced a full year 25 dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.084 per share. The ex-dividend date is Wednesday, October 8th. This represents a dividend yield of 69.0%. KANZHUN’s payout ratio is presently 20.90%.

KANZHUN 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.