Analysts Set KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) PT at $21.17

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.1667.

Several research firms have recently issued reports on BZ. Jefferies Financial Group lifted their price objective 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. UBS Group raised shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, August 21st. Daiwa America raised shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 2nd. Zacks Research downgraded KANZHUN from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Barclays lifted their price objective on KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, August 22nd.

Institutional Trading of KANZHUN

Several institutional investors and hedge funds have recently made changes to their positions in BZ. First Horizon Advisors Inc. acquired a new position in shares of KANZHUN during the first quarter valued at about $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in KANZHUN in the 1st quarter worth approximately $27,000. Brooklyn Investment Group boosted its position in KANZHUN by 3,115.4% in the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company’s stock worth $56,000 after purchasing an additional 2,835 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in KANZHUN by 39.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock worth $75,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of KANZHUN by 52.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,203 shares of the company’s stock valued at $93,000 after buying an additional 1,792 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors.

KANZHUN Trading Up 0.6%

NASDAQ BZ opened at $24.68 on Friday. KANZHUN has a 12 month low of $12.06 and a 12 month high of $24.82. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 36.84 and a beta of 0.43. The company’s 50 day moving average is $21.28 and its two-hundred day moving average is $18.67.

KANZHUN Dividend Announcement

The company 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 issued a $0.084 dividend. This represents a dividend yield of 60.0%. The ex-dividend date is Wednesday, October 8th.

About KANZHUN

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.