Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in KANZHUN LIMITED Sponsored ADR $BZ

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 45.0% in the second quarter, Holdings Channel.com reports. The firm owned 307,179 shares of the company’s stock after purchasing an additional 95,400 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in KANZHUN were worth $5,480,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of KANZHUN by 44.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 33,310 shares of the company’s stock worth $639,000 after buying an additional 10,250 shares during the last quarter. Cerity Partners LLC bought a new stake in KANZHUN in the first quarter worth $417,000. New York State Common Retirement Fund bought a new stake in KANZHUN in the first quarter worth $3,527,000. Baillie Gifford & Co. purchased a new stake in shares of KANZHUN in the first quarter worth $71,111,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of KANZHUN by 1,298.0% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 142,600 shares of the company’s stock valued at $2,734,000 after acquiring an additional 132,400 shares in the last quarter. 60.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of KANZHUN in a research report on Monday, September 22nd. Zacks Research cut shares of KANZHUN from a “strong-buy” rating to a “hold” rating in a report on Monday. Barclays upped their target price on shares of KANZHUN from $22.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. UBS Group raised shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, August 21st. Finally, Weiss Ratings cut KANZHUN from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, November 7th. One equities research 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’s stock. According to MarketBeat, KANZHUN currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.17.

KANZHUN Stock Performance

BZ opened at $20.88 on Friday. The company’s 50-day simple moving average is $22.86 and its two-hundred day simple moving average is $20.34. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.16 and a 52-week high of $25.26. The stock has a market capitalization of $8.65 billion, a P/E ratio of 31.16 and a beta of 0.42.

KANZHUN Announces Dividend

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

KANZHUN 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.