RWC Asset Advisors US LLC Sells 2,490,511 Shares of KANZHUN LIMITED Sponsored ADR $BZ

RWC Asset Advisors US LLC lessened its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 85.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 415,558 shares of the company’s stock after selling 2,490,511 shares during the period. KANZHUN makes up approximately 1.2% of RWC Asset Advisors US LLC’s holdings, making the stock its 12th largest holding. RWC Asset Advisors US LLC’s holdings in KANZHUN were worth $5,348,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BZ. WCM Investment Management LLC raised its stake in shares of KANZHUN by 374.7% in the first quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock valued at $20,408,000 after acquiring an additional 1,207,553 shares during the period. Capital Today Evergreen Fund L.P. purchased a new position in shares of KANZHUN during the 2nd quarter worth about $923,641. Bank of America Corp DE boosted its stake in shares of KANZHUN by 38.5% during the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock worth $81,452,000 after purchasing an additional 1,690,275 shares during the period. Lazard Asset Management LLC grew its holdings in KANZHUN by 45.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,001,349 shares of the company’s stock valued at $26,798,000 after purchasing an additional 628,993 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in KANZHUN by 43.3% during the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock valued at $76,305,000 after purchasing an additional 1,722,700 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $19.00 price objective on shares of KANZHUN in a research report on Wednesday, August 26th. Weiss Ratings raised KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Bank of America initiated coverage on KANZHUN in a report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price target on the stock. Barclays raised their price target on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Finally, Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

KANZHUN Price Performance

BZ stock opened at $16.92 on Tuesday. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.57 and a 12 month high of $25.26. The firm’s 50-day moving average is $15.70 and its 200 day moving average is $14.67. The company has a market capitalization of $6.94 billion, a PE ratio of 11.92, a P/E/G ratio of 1.81 and a beta of 0.48.

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 company 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%. Sell-side analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current fiscal year.

KANZHUN Announces Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, October 14th. Investors of record on Monday, September 28th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 28th. This represents a dividend yield of 313.0%. KANZHUN’s payout ratio is presently 10.56%.

About KANZHUN

Kanzhun Ltd. (NASDAQ: BZ) operates a leading AI-driven online recruitment platform under the brand name Boss Zhipin. The platform leverages algorithmic job matching and instant in-app messaging to connect job seekers and employers, streamlining the hiring process and reducing time-to-fill. By combining machine-learning recommendations with direct recruiter interactions, Kanzhun aims to create a more efficient, personalized recruitment experience compared with traditional job boards.

Beyond its core peer-to-peer marketplace, Kanzhun provides a suite of premium services for corporate clients, including employer branding packages, targeted marketing campaigns and SaaS-based human capital management tools.