Acadian Asset Management LLC Has $92.02 Million Stock Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Acadian Asset Management LLC lifted its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 119.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,160,051 shares of the company’s stock after buying an additional 2,804,557 shares during the period. Acadian Asset Management LLC owned approximately 1.26% of KANZHUN worth $92,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Genus Capital Management Inc. increased its holdings in shares of KANZHUN by 7.7% during the second quarter. Genus Capital Management Inc. now owns 14,000 shares of the company’s stock worth $250,000 after buying an additional 1,000 shares in the last quarter. Hancock Whitney Corp raised its holdings in shares of KANZHUN by 5.6% during the first quarter. Hancock Whitney Corp now owns 23,609 shares of the company’s stock valued at $453,000 after purchasing an additional 1,258 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of KANZHUN in the 1st quarter worth $27,000. Bank of Montreal Can lifted its position in KANZHUN by 17.1% in the 2nd quarter. Bank of Montreal Can now owns 15,098 shares of the company’s stock valued at $269,000 after acquiring an additional 2,200 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in KANZHUN by 5.3% during the 1st quarter. APG Asset Management N.V. now owns 45,300 shares of the company’s stock worth $804,000 after acquiring an additional 2,300 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BZ has been the subject of a number of recent analyst reports. Barclays upped their price objective on KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. The Goldman Sachs Group restated a “buy” rating on shares of KANZHUN in a research note on Monday, September 22nd. Weiss Ratings lowered KANZHUN from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Jefferies Financial Group raised their price objective on KANZHUN from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $21.17.

KANZHUN Trading Down 0.0%

Shares of BZ stock opened at $21.08 on Friday. KANZHUN LIMITED Sponsored ADR has a 12-month low of $12.16 and a 12-month high of $25.26. The firm’s 50 day moving average is $23.08 and its 200 day moving average is $20.20. The stock has a market capitalization of $8.73 billion, a P/E ratio of 31.46 and a beta of 0.42.

KANZHUN Dividend Announcement

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