Robeco Institutional Asset Management B.V. Boosts Stock Holdings in KANZHUN LIMITED Sponsored ADR $BZ

Robeco Institutional Asset Management B.V. grew its position in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 17.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,066,784 shares of the company’s stock after buying an additional 311,294 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.50% of KANZHUN worth $36,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Hancock Whitney Corp grew 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 buying an additional 1,258 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of KANZHUN during the first quarter valued at approximately $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of KANZHUN during the first quarter valued at approximately $27,000. APG Asset Management N.V. grew its holdings in shares of KANZHUN by 5.3% during the first quarter. APG Asset Management N.V. now owns 45,300 shares of the company’s stock valued at $804,000 after buying an additional 2,300 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in KANZHUN by 25.4% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,582 shares of the company’s stock valued at $242,000 after purchasing an additional 2,748 shares during the period. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Wall Street Analyst Weigh In

BZ has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of KANZHUN in a research report on Saturday, September 27th. Jefferies Financial Group increased their price objective 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. Barclays increased their price objective on shares of KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Zacks Research upgraded shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $21.17.

KANZHUN Trading Up 0.3%

BZ opened at $23.47 on Friday. 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 $9.67 billion, a PE ratio of 35.03 and a beta of 0.43. The firm’s 50 day simple moving average is $22.58 and its two-hundred day simple moving average is $19.20.

KANZHUN Announces Dividend

The firm also recently declared a full year 25 dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th will be given a $0.084 dividend. The ex-dividend date is Wednesday, October 8th. This represents a yield of 60.0%.

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.