Robeco Institutional Asset Management B.V. Buys 4,084,629 Shares of KANZHUN LIMITED Sponsored ADR $BZ

Robeco Institutional Asset Management B.V. increased its stake in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 43.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,498,670 shares of the company’s stock after purchasing an additional 4,084,629 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 3.26% of KANZHUN worth $199,780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in KANZHUN by 5,732.4% during the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock valued at $29,000 after purchasing an additional 2,121 shares during the period. OceanIQ Capital LLC bought a new stake in shares of KANZHUN during the 2nd quarter valued at $193,000. Rakuten Investment Management Inc. bought a new stake in shares of KANZHUN during the 2nd quarter valued at $251,000. AXQ Capital LP bought a new stake in shares of KANZHUN during the 2nd quarter valued at $378,000. Finally, Raiffeisen Bank International AG lifted its stake in shares of KANZHUN by 286.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company’s stock valued at $441,000 after buying an additional 25,200 shares in the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KANZHUN news, CEO Peng Zhao sold 15,170,000 shares of the stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $7.25, for a total transaction of $109,982,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yang Mu sold 60,704 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $7.46, for a total transaction of $452,851.84. Following the transaction, the director directly owned 143,356 shares of the company’s stock, valued at $1,069,435.76. This trade represents a 29.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,574,304 shares of company stock worth $121,583,960 in the last 90 days.

Wall Street Analyst Weigh In

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

KANZHUN Price Performance

Shares of BZ opened at $16.55 on Wednesday. The firm has a market cap of $6.86 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 1.78 and a beta of 0.50. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.57 and a 1 year high of $22.81. The company has a 50 day simple moving average of $15.84 and a two-hundred day simple moving average of $14.78.

KANZHUN (NASDAQ:BZ) last released its earnings results on Friday, August 14th. The company reported $0.33 EPS for the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. The firm had revenue of $353.05 million for the quarter. On average, sell-side analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1.00 earnings per share for the current year.

KANZHUN Announces Dividend

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

KANZHUN Company 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.