Charles Schwab Investment Management Inc. Acquires 13,763 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Charles Schwab Investment Management Inc. boosted its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 437,579 shares of the company’s stock after acquiring an additional 13,763 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.11% of KANZHUN worth $8,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BZ. First Horizon Advisors Inc. bought a new position in KANZHUN during the first quarter worth about $25,000. Tudor Investment Corp ET AL bought a new position in KANZHUN during the fourth quarter worth about $160,000. Quantinno Capital Management LP acquired a new stake in shares of KANZHUN in the 4th quarter valued at about $163,000. Lighthouse Investment Partners LLC acquired a new stake in shares of KANZHUN in the 4th quarter valued at about $166,000. Finally, First Trust Advisors LP raised its stake in shares of KANZHUN by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,927 shares of the company’s stock valued at $192,000 after purchasing an additional 999 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on BZ. Jefferies Financial Group lifted their price target on KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Zacks Research downgraded KANZHUN from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. 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. Barclays lifted their price target on KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Daiwa America raised KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 2nd. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.17.

KANZHUN Stock Performance

NASDAQ:BZ opened at $22.90 on Tuesday. The stock’s 50-day simple moving average is $19.46 and its 200 day simple moving average is $17.83. The company has a market cap of $9.40 billion, a P/E ratio of 34.18 and a beta of 0.41. KANZHUN LIMITED Sponsored ADR has a 52-week low of $10.57 and a 52-week high of $24.03.

KANZHUN Announces Dividend

The firm also recently declared a full year 25 dividend, which will be paid on Thursday, October 16th. Shareholders 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 of this dividend is Monday, October 6th.

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.