KANZHUN (NASDAQ:BZ) Cut to Hold at Zacks Research

Zacks Research downgraded shares of KANZHUN (NASDAQ:BZ) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. The Goldman Sachs Group reissued 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 stock an “overweight” rating in a research note on Friday, August 22nd. UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Thursday, August 21st. Jefferies Financial Group lifted their price target 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. Finally, Weiss Ratings cut KANZHUN from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, KANZHUN currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.17.

KANZHUN Trading Up 1.1%

Shares of NASDAQ BZ opened at $21.34 on Monday. The firm has a market cap of $8.84 billion, a P/E ratio of 31.85 and a beta of 0.42. The business’s 50 day moving average is $22.93 and its 200-day moving average is $20.34. KANZHUN has a 1-year low of $12.16 and a 1-year high of $25.26.

KANZHUN Announces Dividend

The company also recently disclosed a full year 25 dividend, which was paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th were paid 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 22.39%.

Institutional Investors Weigh In On KANZHUN

Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of KANZHUN by 44.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 33,310 shares of the company’s stock worth $639,000 after buying an additional 10,250 shares in the last quarter. Cerity Partners LLC bought a new position in KANZHUN in the first quarter valued at about $417,000. New York State Common Retirement Fund acquired a new position in KANZHUN during the first quarter worth about $3,527,000. Baillie Gifford & Co. bought a new position in shares of KANZHUN in the first quarter worth about $71,111,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of KANZHUN by 1,298.0% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 142,600 shares of the company’s stock worth $2,734,000 after acquiring an additional 132,400 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

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.