KANZHUN (NASDAQ:BZ) Shares Gap Down - Here's What Happened
KANZHUN (NASDAQ:BZ) shares opened lower at $19.15 from a previous close of $20.52, last trading at $19.5970. Analysts have mixed ratings, with UBS upgrading to 'buy' and setting a $26 target, while Zacks downgraded to 'hold'. The stock has a 'Moderate Buy' average rating and a $21.80 target price. Institutional investors have adjusted their holdings, with significant stakes from UBS AM and Krane Funds Advisors. KANZHUN offers online recruitment services in China under the BOSS Zhipin brand.
KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $20.52, but opened at $19.15. KANZHUN shares last traded at $19.5970, with a volume of 342,337 shares trading hands.
Wall Street Analyst Weigh In
- Kanzhun Stock Outlook Promising With China's Reopening
BZ has been the subject of a number of recent analyst reports. UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Thursday, August 21st. The Goldman Sachs Group reissued a "buy" rating on shares of KANZHUN in a research note on Monday, September 22nd. Jefferies Financial Group raised their price target on shares of KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of KANZHUN in a report on Thursday. Finally, Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.80.
View Our Latest Report on BZ
KANZHUN Stock Down 0.3%
The firm has a market capitalization of $8.47 billion, a PE ratio of 30.55 and a beta of 0.42. The business's fifty day moving average price is $22.73 and its 200 day moving average price is $20.49.
KANZHUN Announces Dividend
The business also recently declared a full year 25 dividend, which was paid on Thursday, October 23rd. Shareholders of record on Wednesday, October 8th were given a dividend of $0.084 per share. The ex-dividend date of this dividend was Wednesday, October 8th. This represents a yield of 69.0%. KANZHUN's dividend payout ratio (DPR) is presently 22.39%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of KANZHUN by 1,474.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company's stock worth $183,130,000 after buying an additional 8,946,253 shares during the last quarter. Norges Bank bought a new position in shares of KANZHUN during the 2nd quarter valued at about $123,984,000. Krane Funds Advisors LLC increased its stake in KANZHUN by 24.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 19,291,036 shares of the company's stock worth $413,311,000 after purchasing an additional 3,819,347 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of KANZHUN during the first quarter valued at approximately $71,111,000. Finally, Capital International Investors lifted its position in shares of KANZHUN by 70.3% in the third quarter. Capital International Investors now owns 8,059,160 shares of the company's stock worth $188,262,000 after purchasing an additional 3,326,548 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.
About KANZHUN
(Get Free Report)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.
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