VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 12,600 KANZHUN LIMITED Sponsored ADR $BZ

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,600 shares of the company’s stock, valued at approximately $225,000.

A number of other large investors have also modified their holdings of the company. Nordea Investment Management AB raised its position in shares of KANZHUN by 6.6% in the second quarter. Nordea Investment Management AB now owns 327,771 shares of the company’s stock worth $5,806,000 after acquiring an additional 20,329 shares during the period. Aberdeen Group plc increased its stake in shares of KANZHUN by 25.0% in the 2nd quarter. Aberdeen Group plc now owns 292,665 shares of the company’s stock valued at $5,221,000 after purchasing an additional 58,539 shares in the last quarter. US Bancorp DE increased its stake in shares of KANZHUN by 6.4% in the 2nd quarter. US Bancorp DE now owns 41,434 shares of the company’s stock valued at $739,000 after purchasing an additional 2,490 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of KANZHUN by 17.7% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,066,784 shares of the company’s stock valued at $36,871,000 after purchasing an additional 311,294 shares in the last quarter. Finally, Union Bancaire Privee UBP SA increased its stake in shares of KANZHUN by 40.8% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 184,046 shares of the company’s stock valued at $3,283,000 after purchasing an additional 53,350 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BZ. Weiss Ratings restated a “buy (b-)” rating on shares of KANZHUN in a research note on Friday. Zacks Research upgraded KANZHUN from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. 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. 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, August 22nd. Finally, UBS Group upgraded KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $21.17.

KANZHUN Price Performance

BZ stock opened at $22.14 on Monday. The business has a 50 day simple moving average of $23.24 and a 200-day simple moving average of $19.66. The firm has a market capitalization of $9.17 billion, a PE ratio of 33.05 and a beta of 0.43. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.16 and a 1 year high of $25.26.

KANZHUN Dividend Announcement

The company also recently declared a full year 25 dividend, which was paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th were paid a dividend of $0.084 per share. This represents a yield of 69.0%. The ex-dividend date was Wednesday, October 8th. KANZHUN’s dividend payout ratio is 20.90%.

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.