Envestnet Asset Management Inc. Purchases 153,013 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Envestnet Asset Management Inc. increased its position in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 459.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 186,323 shares of the company’s stock after buying an additional 153,013 shares during the quarter. Envestnet Asset Management Inc.’s holdings in KANZHUN were worth $3,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in KANZHUN by 1,474.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company’s stock worth $183,130,000 after acquiring an additional 8,946,253 shares during the last quarter. Baillie Gifford & Co. purchased a new stake in shares of KANZHUN during the first quarter worth about $71,111,000. Goldman Sachs Group Inc. grew its stake in shares of KANZHUN by 45.0% in the first quarter. Goldman Sachs Group Inc. now owns 8,629,115 shares of the company’s stock worth $165,420,000 after purchasing an additional 2,678,683 shares during the last quarter. Acadian Asset Management LLC increased its holdings in KANZHUN by 1,742.7% during the 1st quarter. Acadian Asset Management LLC now owns 2,355,494 shares of the company’s stock valued at $45,130,000 after purchasing an additional 2,227,666 shares during the period. Finally, Invesco Ltd. raised its position in KANZHUN by 301.9% during the 1st quarter. Invesco Ltd. now owns 2,887,984 shares of the company’s stock valued at $55,363,000 after purchasing an additional 2,169,416 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

KANZHUN Trading Down 1.5%

Shares of KANZHUN stock opened at $20.56 on Friday. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.16 and a 12 month high of $25.26. The firm has a market capitalization of $8.51 billion, a P/E ratio of 30.69 and a beta of 0.42. The business has a fifty day simple moving average of $22.80 and a two-hundred day simple moving average of $20.42.

KANZHUN Announces Dividend

The firm also recently declared a full year 25 dividend, which was paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th were given a dividend of $0.084 per share. 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%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BZ. UBS Group upgraded KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Thursday, August 21st. Jefferies Financial Group raised their price target on KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. The Goldman Sachs Group reissued a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of KANZHUN in a report on Thursday. Finally, Barclays lifted their target price on shares of KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.17.

KANZHUN Company 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.