Public Employees Retirement System of Ohio acquired a new stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 47,925 shares of the company’s stock, valued at approximately $617,000.
Several other hedge funds also recently bought and sold shares of BZ. WCM Investment Management LLC raised its holdings in shares of KANZHUN by 374.7% in the 1st quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock valued at $20,408,000 after acquiring an additional 1,207,553 shares in the last quarter. Capital Today Evergreen Fund L.P. bought a new stake in shares of KANZHUN during the 2nd quarter valued at about $923,641. Bank of America Corp DE grew its holdings in shares of KANZHUN by 38.5% during the first quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock worth $81,452,000 after purchasing an additional 1,690,275 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of KANZHUN by 45.8% during the first quarter. Lazard Asset Management LLC now owns 2,001,349 shares of the company’s stock worth $26,798,000 after purchasing an additional 628,993 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of KANZHUN by 43.3% in the first quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock worth $76,305,000 after purchasing an additional 1,722,700 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.
KANZHUN Price Performance
NASDAQ:BZ opened at $16.07 on Thursday. The business has a 50 day moving average of $15.83 and a 200 day moving average of $14.66. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.77 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.57 and a 1-year high of $25.26.
KANZHUN Announces Dividend
The firm also recently announced an annual dividend, which will be paid on Wednesday, October 14th. Investors of record on Monday, September 28th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a dividend yield of 313.0%. KANZHUN’s dividend payout ratio (DPR) is currently 10.56%.
Insider Activity at KANZHUN
In related news, CMO Xu Chen sold 400,000 shares of KANZHUN stock in a transaction on Friday, September 4th. The shares were sold at an average price of $8.50, for a total value of $3,400,000.00. Following the transaction, the chief marketing officer owned 153,340 shares in the company, valued at $1,303,390. This trade represents a 72.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.60% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $19.00 price target on shares of KANZHUN in a report on Wednesday, August 26th. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Bank of America began coverage on shares of KANZHUN in a report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price objective for the company. Finally, Barclays upped their target price on shares of KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, KANZHUN has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.
Read Our Latest Stock Analysis on KANZHUN
KANZHUN Company Profile
Kanzhun Ltd. (NASDAQ: BZ) operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.
Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.
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