KANZHUN LIMITED Sponsored ADR $BZ Stake Lifted by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 58.5% in the third quarter, Holdings Channel reports. The firm owned 103,000 shares of the company’s stock after purchasing an additional 38,000 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in KANZHUN were worth $1,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC lifted its position in KANZHUN by 374.7% during the 1st quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock worth $20,408,000 after buying an additional 1,207,553 shares in the last quarter. Capital Today Evergreen Fund L.P. bought a new position in shares of KANZHUN in the 2nd quarter valued at about $923,641. Bank of America Corp DE increased its position in shares of KANZHUN by 38.5% in the first quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock valued at $81,452,000 after acquiring an additional 1,690,275 shares during the last quarter. Lazard Asset Management LLC raised its holdings in 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 acquiring an additional 628,993 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in KANZHUN by 238.5% during the second quarter. Headlands Technologies LLC now owns 119,462 shares of the company’s stock valued at $1,537,000 after purchasing an additional 84,171 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at KANZHUN

In other KANZHUN news, CMO Xu Chen sold 200,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $8.15, for a total transaction of $1,630,000.00. Following the completion of the sale, the chief marketing officer owned 153,340 shares of the company’s stock, valued at $1,249,721. This trade represents a 56.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peng Zhao sold 15,170,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $7.25, for a total transaction of $109,982,500.00. The SEC filing for this sale provides additional information. Insiders sold 16,574,304 shares of company stock valued at $121,583,960 in the last quarter. 5.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on BZ. Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Bank of America initiated coverage on KANZHUN in a report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price objective for the company. Barclays raised their target price on shares of KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.33.

KANZHUN Stock Up 1.6%

Shares of NASDAQ BZ opened at $16.54 on Friday. The business’s 50 day moving average price is $15.93 and its two-hundred day moving average price is $15.33. The company has a market cap of $6.86 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.74 and a beta of 0.50. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.57 and a twelve month high of $22.66.

KANZHUN (NASDAQ:BZ) last released its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share (EPS) for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. The company had revenue of $353.05 million during the quarter. As a group, research analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1.00 EPS for the current fiscal year.

KANZHUN Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, October 14th. Investors of record on Monday, September 28th were paid a $0.51 dividend. This represents a yield of 360.0%. The ex-dividend date was Monday, September 28th. KANZHUN’s dividend payout ratio is 35.92%.

KANZHUN Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform serving job seekers and employers in China. The platform is designed to facilitate direct communication between candidates and hiring companies, helping users discover job opportunities, exchange information and arrange interviews.

BOSS Zhipin is available through mobile applications and online platforms. Its services support recruitment across a broad range of industries and company sizes, including opportunities for professional, technical and other workers.