Asset Management One Co. Ltd. Has $964,000 Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Asset Management One Co. Ltd. boosted its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 18.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,058 shares of the company’s stock after buying an additional 8,473 shares during the quarter. Asset Management One Co. Ltd.’s holdings in KANZHUN were worth $964,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Ethic Inc. boosted its stake in KANZHUN by 106.7% in the second quarter. Ethic Inc. now owns 21,907 shares of the company’s stock valued at $397,000 after buying an additional 11,306 shares in the last quarter. Legacy Wealth Asset Management LLC bought a new position in KANZHUN in the second quarter valued at about $2,610,000. DekaBank Deutsche Girozentrale raised its position in KANZHUN by 105.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 65,816 shares of the company’s stock valued at $1,167,000 after purchasing an additional 33,750 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in KANZHUN in the second quarter valued at about $225,000. Finally, Nordea Investment Management AB raised its position in KANZHUN by 6.6% in the second quarter. Nordea Investment Management AB now owns 327,771 shares of the company’s stock valued at $5,806,000 after purchasing an additional 20,329 shares during the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on BZ. The Goldman Sachs Group reiterated a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Zacks Research upgraded KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of KANZHUN in a research report on Wednesday, October 8th. Barclays increased their target price on KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, UBS Group upgraded KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, KANZHUN currently has an average rating of “Buy” and an average target price of $21.17.

KANZHUN Price Performance

Shares of BZ opened at $22.49 on Thursday. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.16 and a 1 year high of $25.26. The company has a market capitalization of $9.31 billion, a price-to-earnings ratio of 33.57 and a beta of 0.43. The business has a 50-day moving average of $23.28 and a 200-day moving average of $19.82.

KANZHUN Dividend Announcement

The business also recently disclosed a full year 25 dividend, which was paid on Thursday, October 23rd. Stockholders of record on Wednesday, October 8th were given a dividend of $0.084 per share. This represents a dividend yield of 69.0%. The ex-dividend date was Wednesday, October 8th. KANZHUN’s dividend payout ratio (DPR) is 22.39%.

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.