Jupiter Asset Management Ltd. Acquires Shares of 506,300 KANZHUN LIMITED Sponsored ADR $BZ

Jupiter Asset Management Ltd. bought a new position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 506,300 shares of the company’s stock, valued at approximately $9,032,000. Jupiter Asset Management Ltd. owned 0.12% of KANZHUN as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in KANZHUN by 2.9% in the first quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company’s stock worth $284,133,000 after purchasing an additional 424,153 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in KANZHUN by 1,474.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company’s stock valued at $183,130,000 after buying an additional 8,946,253 shares during the period. WFM ASIA BVI Ltd lifted its position in KANZHUN by 9.5% during the first quarter. WFM ASIA BVI Ltd now owns 8,658,500 shares of the company’s stock valued at $165,983,000 after buying an additional 751,200 shares during the period. Goldman Sachs Group Inc. grew its position in shares of KANZHUN by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,629,115 shares of the company’s stock worth $165,420,000 after buying an additional 2,678,683 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of KANZHUN by 31.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,325,904 shares of the company’s stock worth $159,609,000 after acquiring an additional 1,970,441 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on BZ shares. Jefferies Financial Group lifted their price target on shares of KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. The Goldman Sachs Group restated a “buy” rating on shares of KANZHUN in a research note on Monday, September 22nd. Weiss Ratings lowered KANZHUN from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. UBS Group raised KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Thursday, August 21st. Finally, Barclays lifted their price target on KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.17.

KANZHUN Stock Performance

BZ opened at $20.88 on Friday. The company’s 50-day simple moving average is $22.86 and its two-hundred day simple moving average is $20.34. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.16 and a 52-week high of $25.26. The stock has a market capitalization of $8.65 billion, a P/E ratio of 31.16 and a beta of 0.42.

KANZHUN Dividend Announcement

The company also recently declared a full year 25 dividend, which was paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th were issued a dividend of $0.084 per share. This represents a dividend yield of 69.0%. The ex-dividend date of this dividend was Wednesday, October 8th. KANZHUN’s dividend payout ratio 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.