Analysts Set KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Price Target at $21.17

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.1667.

Several research firms have issued reports on BZ. Zacks Research upgraded shares of KANZHUN from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 12th. UBS Group upgraded shares of KANZHUN from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Thursday, August 21st. Jefferies Financial Group lifted their target price on KANZHUN from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Barclays upped their price target on KANZHUN from $22.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of KANZHUN in a report on Monday, September 22nd.

KANZHUN Trading Up 0.6%

Shares of KANZHUN stock opened at $21.09 on Friday. KANZHUN has a 1 year low of $12.16 and a 1 year high of $25.26. The company’s fifty day simple moving average is $23.14 and its 200-day simple moving average is $20.10. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 31.48 and a beta of 0.42.

KANZHUN Dividend Announcement

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

Hedge Funds Weigh In On KANZHUN

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC increased its stake in KANZHUN by 2.5% in the second quarter. Cerity Partners LLC now owns 22,291 shares of the company’s stock valued at $398,000 after acquiring an additional 549 shares during the period. Exchange Traded Concepts LLC boosted its holdings in KANZHUN by 0.6% during the third quarter. Exchange Traded Concepts LLC now owns 105,613 shares of the company’s stock valued at $2,467,000 after purchasing an additional 600 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of KANZHUN by 0.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 187,184 shares of the company’s stock valued at $4,373,000 after purchasing an additional 861 shares during the period. Genus Capital Management Inc. raised its holdings in shares of KANZHUN by 7.7% in the 2nd quarter. Genus Capital Management Inc. now owns 14,000 shares of the company’s stock worth $250,000 after buying an additional 1,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of KANZHUN by 39.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,211 shares of the company’s stock worth $75,000 after buying an additional 1,185 shares during the period. 60.67% of the stock is owned by institutional investors.

About KANZHUN

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.