US Bancorp DE Purchases 2,490 Shares of KANZHUN LIMITED Sponsored ADR $BZ

US Bancorp DE increased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 41,434 shares of the company’s stock after buying an additional 2,490 shares during the period. US Bancorp DE’s holdings in KANZHUN were worth $739,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in KANZHUN in the 1st quarter worth $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of KANZHUN in the 1st quarter valued at about $27,000. Brooklyn Investment Group lifted its holdings in shares of KANZHUN by 3,115.4% in the 1st quarter. Brooklyn Investment Group now owns 2,926 shares of the company’s stock valued at $56,000 after acquiring an additional 2,835 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of KANZHUN in the 1st quarter valued at about $201,000. Finally, Genus Capital Management Inc. raised its position in KANZHUN by 200.0% in the 1st quarter. Genus Capital Management Inc. now owns 13,000 shares of the company’s stock worth $249,000 after purchasing an additional 26,000 shares during the period. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. UBS Group raised shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday, August 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd. Barclays lifted their price objective on shares of KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of KANZHUN in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $21.17.

KANZHUN Trading Up 0.8%

BZ opened at $21.67 on Friday. The firm has a market capitalization of $8.93 billion, a PE ratio of 32.34 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.16 and a twelve month high of $25.26. The firm’s 50-day moving average price is $23.19 and its 200 day moving average price is $19.40.

KANZHUN Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, October 8th. This represents a yield of 69.0%. KANZHUN’s payout ratio is presently 22.39%.

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.