Public Employees Retirement System of Ohio Invests $617,000 in KANZHUN LIMITED Sponsored ADR $BZ

Public Employees Retirement System of Ohio acquired a new stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZFree 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 (NASDAQ:BZGet Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.33 EPS for the quarter. The business had revenue of $353.05 million for the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. As a group, sell-side analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current year.

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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for KANZHUN (NASDAQ:BZ)

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