Robeco Institutional Asset Management B.V. Acquires 4,084,629 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Robeco Institutional Asset Management B.V. increased its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 43.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,498,670 shares of the company’s stock after acquiring an additional 4,084,629 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in KANZHUN were worth $199,780,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BZ. Tidal Investments LLC lifted its stake in shares of KANZHUN by 2.8% in the 2nd quarter. Tidal Investments LLC now owns 60,464 shares of the company’s stock valued at $778,000 after purchasing an additional 1,670 shares during the last quarter. Nykredit A S bought a new position in shares of KANZHUN during the 2nd quarter valued at approximately $2,461,000. OceanIQ Capital LLC purchased a new stake in KANZHUN during the 2nd quarter valued at $193,000. Raiffeisen Bank International AG raised its holdings in KANZHUN by 286.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company’s stock valued at $441,000 after buying an additional 25,200 shares during the period. Finally, AXQ Capital LP purchased a new stake in KANZHUN during the 2nd quarter valued at $378,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Bank of America started coverage on shares of KANZHUN in a research report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price objective on the stock. Barclays increased their target price on shares of KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.33.

KANZHUN Stock Performance

Shares of BZ stock opened at $16.55 on Wednesday. The stock has a 50 day moving average price of $15.84 and a 200 day moving average price of $14.78. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.57 and a 52-week high of $22.81. The firm has a market capitalization of $6.86 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.78 and a beta of 0.50.

KANZHUN (NASDAQ:BZ) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.33 EPS for the quarter. The company had revenue of $353.05 million for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. As a group, sell-side analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1.00 EPS for the current year.

KANZHUN Announces Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were paid a dividend of $0.51 per share. This represents a dividend yield of 360.0%. The ex-dividend date of this dividend was Monday, September 28th. KANZHUN’s payout ratio is currently 35.92%.

Insider Activity

In other news, CEO Peng Zhao sold 15,170,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $7.25, for a total value of $109,982,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Yang Mu sold 60,704 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $7.46, for a total transaction of $452,851.84. Following the completion of the transaction, the director owned 143,356 shares in the company, valued at approximately $1,069,435.76. The trade was a 29.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 16,574,304 shares of company stock valued at $121,583,960.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform serving job seekers and employers in China. The platform is designed to facilitate direct communication between candidates and hiring companies, helping users discover job opportunities, exchange information and arrange interviews.

BOSS Zhipin is available through mobile applications and online platforms. Its services support recruitment across a broad range of industries and company sizes, including opportunities for professional, technical and other workers.