KANZHUN (NASDAQ:BZ) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of KANZHUN (NASDAQ:BZ) from a neutral rating to a buy rating in a report published on Thursday, Marketbeat Ratings reports. The firm currently has $26.00 price target on the stock.

BZ has been the topic of several other reports. Jefferies Financial Group increased their price target on shares of KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday. Daiwa America upgraded shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 2nd. Finally, Zacks Research lowered shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.67.

KANZHUN Stock Up 6.6%

Shares of KANZHUN stock opened at $23.54 on Thursday. The firm has a market capitalization of $9.66 billion, a P/E ratio of 35.13 and a beta of 0.41. KANZHUN has a 52 week low of $10.57 and a 52 week high of $24.03. The firm’s 50 day moving average is $19.26 and its two-hundred day moving average is $17.68.

KANZHUN Announces Dividend

The business also recently disclosed a full year 25 dividend, which will be paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th will be given a dividend of $0.084 per share. This represents a yield of 60.0%. The ex-dividend date is Wednesday, October 8th.

Institutional Trading of KANZHUN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC grew its holdings in KANZHUN by 24.2% in the 1st quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company’s stock valued at $389,887,000 after buying an additional 3,961,488 shares during the period. Schroder Investment Management Group grew its holdings in KANZHUN by 15.8% in the 2nd quarter. Schroder Investment Management Group now owns 18,258,321 shares of the company’s stock valued at $325,728,000 after buying an additional 2,486,499 shares during the period. Vanguard Group Inc. grew its holdings in KANZHUN by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 14,821,755 shares of the company’s stock valued at $284,133,000 after buying an additional 424,153 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in KANZHUN by 1,474.7% in the 1st 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. Finally, JPMorgan Chase & Co. grew its holdings in KANZHUN by 9.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,455,233 shares of the company’s stock valued at $168,681,000 after buying an additional 801,373 shares during the period. Hedge funds and other institutional investors own 60.67% of the company’s stock.

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.