KANZHUN LIMITED Sponsored ADR $BZ Stock: CenterBook Partners LP Boosts Holdings

CenterBook Partners LP grew its holdings in KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 177.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,879 shares of the company’s stock after acquiring an additional 45,356 shares during the period. CenterBook Partners LP’s holdings in KANZHUN were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Commonwealth Equity Services LLC raised its stake in shares of KANZHUN by 33.5% in the third quarter. Commonwealth Equity Services LLC now owns 14,307 shares of the company’s stock valued at $212,000 after acquiring an additional 3,589 shares in the last quarter. Ascent Group LLC grew its stake in KANZHUN by 37.8% during the 3rd quarter. Ascent Group LLC now owns 17,455 shares of the company’s stock worth $258,000 after purchasing an additional 4,791 shares in the last quarter. Rakuten Investment Management Inc. grew its stake in KANZHUN by 14.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 22,181 shares of the company’s stock worth $314,000 after purchasing an additional 2,843 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in KANZHUN during the 3rd quarter worth $167,000. Finally, Profund Advisors LLC grew its stake in KANZHUN by 4.0% during the 3rd quarter. Profund Advisors LLC now owns 49,643 shares of the company’s stock worth $735,000 after purchasing an additional 1,901 shares in the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BZ. Barclays upped their price target on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $19.00 price objective on shares of KANZHUN in a research note on Wednesday, August 26th. Bank of America initiated coverage on KANZHUN in a research report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of KANZHUN in a research note on Tuesday, November 3rd. Two investment analysts have rated the stock with a Buy rating and three have assigned 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 price target of $19.33.

Insider Buying and Selling at KANZHUN

In other KANZHUN news, CEO Peng Zhao sold 15,170,000 shares of KANZHUN stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $7.25, for a total transaction of $109,982,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yang Mu sold 60,704 shares of KANZHUN stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $7.46, for a total value of $452,851.84. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 over the last ninety days.

KANZHUN Trading Up 0.8%

Shares of NASDAQ:BZ opened at $16.98 on Wednesday. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.57 and a 52 week high of $22.49. The company’s 50 day moving average is $15.95 and its two-hundred day moving average is $15.26. The company has a market cap of $7.04 billion, a PE ratio of 11.96, a P/E/G ratio of 1.80 and a beta of 0.50.

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. The business had revenue of $353.05 million during the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. As a group, equities research analysts expect that KANZHUN LIMITED Sponsored ADR will post 1.00 EPS for the current year.

KANZHUN Dividend Announcement

The firm 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 dividend payout ratio (DPR) is currently 35.92%.

KANZHUN Company Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform that connects job seekers with employers in China. Its services are designed to help candidates find employment opportunities and enable businesses to recruit talent. The platform emphasizes direct communication between job seekers and recruiters, alongside tools for discovering and matching candidates with available positions. KANZHUN provides recruitment services through its mobile and online platforms. BOSS Zhipin was launched in 2014.