Jupiter Asset Management Ltd. Invests $9.03 Million in KANZHUN LIMITED Sponsored ADR $BZ

Jupiter Asset Management Ltd. bought a new stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) in the 2nd quarter, Holdings Channel.com reports. The firm bought 506,300 shares of the company’s stock, valued at approximately $9,032,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BZ. Vise Technologies Inc. purchased a new position in shares of KANZHUN during the 2nd quarter worth $527,000. Profund Advisors LLC increased its stake in shares of KANZHUN by 6.1% in the 2nd quarter. Profund Advisors LLC now owns 56,271 shares of the company’s stock worth $1,004,000 after purchasing an additional 3,230 shares in the last quarter. Acadian Asset Management LLC raised its holdings in KANZHUN by 119.1% in the 2nd quarter. Acadian Asset Management LLC now owns 5,160,051 shares of the company’s stock worth $92,021,000 after purchasing an additional 2,804,557 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in KANZHUN by 45.0% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 307,179 shares of the company’s stock valued at $5,480,000 after purchasing an additional 95,400 shares in the last quarter. Finally, Aviva PLC lifted its position in KANZHUN by 13.7% during the second quarter. Aviva PLC now owns 209,292 shares of the company’s stock valued at $3,734,000 after purchasing an additional 25,199 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays upped their price target on KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. UBS Group raised 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. 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 report on Wednesday, August 20th. The Goldman Sachs Group reissued a “buy” rating on shares of KANZHUN in a research note on Monday, September 22nd. Finally, Weiss Ratings downgraded shares of KANZHUN from a “buy (b-)” rating to a “hold (c+)” rating in a research report 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.17.

KANZHUN Stock Performance

Shares of NASDAQ:BZ opened at $20.88 on Friday. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 31.16 and a beta of 0.42. The firm has a fifty day moving average price of $22.86 and a 200 day moving average price of $20.34. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.16 and a fifty-two week high of $25.26.

KANZHUN Announces Dividend

The company also recently announced a full year 25 dividend, which was paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th were given a $0.084 dividend. This represents a dividend yield of 69.0%. The ex-dividend date was Wednesday, October 8th. KANZHUN’s payout ratio is currently 22.39%.

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.