Kanzhun Limited Plans — Dividend of $0.18 (NASDAQ:BZ)

Kanzhun Limited (NASDAQ:BZ) announced a — dividend on Wednesday, November 15th, Wall Street Journal reports. Stockholders of record on Tuesday, December 5th will be paid a dividend of 0.18 per share on Thursday, December 21st. This represents a dividend yield of 0.9%. The ex-dividend date is Monday, December 4th.

Kanzhun Price Performance

Shares of Kanzhun stock opened at $16.95 on Thursday. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 154.09 and a beta of 0.42. Kanzhun has a 1 year low of $13.13 and a 1 year high of $26.26. The firm’s 50-day moving average is $15.20 and its 200 day moving average is $15.76.

Kanzhun (NASDAQ:BZ) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Kanzhun had a net margin of 7.06% and a return on equity of 2.92%. The company had revenue of $205.15 million during the quarter, compared to the consensus estimate of $207.33 million. On average, equities analysts expect that Kanzhun will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Kanzhun

Several institutional investors have recently bought and sold shares of BZ. Pinpoint Asset Management Ltd bought a new position in Kanzhun during the first quarter valued at $303,000. Acadian Asset Management LLC purchased a new stake in Kanzhun in the 1st quarter worth about $293,000. Ameriprise Financial Inc. purchased a new stake in Kanzhun in the 1st quarter worth about $292,000. Mariner LLC bought a new stake in Kanzhun in the third quarter worth about $290,000. Finally, Macquarie Group Ltd. grew its stake in shares of Kanzhun by 27.1% during the fourth quarter. Macquarie Group Ltd. now owns 12,421 shares of the company’s stock valued at $253,000 after buying an additional 2,645 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BZ shares. Citigroup assumed coverage on Kanzhun in a research report on Thursday, July 20th. They issued a “buy” rating and a $19.00 target price for the company. UBS Group downgraded shares of Kanzhun from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.50 to $17.00 in a research report on Thursday, August 31st. Sanford C. Bernstein lowered their price target on Kanzhun from $27.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Barclays dropped their target price on Kanzhun from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 31st. Finally, Macquarie lowered Kanzhun from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $16.00 in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.33.

About Kanzhun

Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.