KANZHUN (NASDAQ:BZ) CEO Sells 359,600 Shares

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 359,600 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $8.28, for a total transaction of $2,977,488.00. Following the transaction, the chief executive officer directly owned 2,824,080 shares in the company, valued at approximately $23,383,382.40. The trade was a 11.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Peng Jonathan Zhao also recently made the following trade(s):

• On Thursday, September 10th, Peng Zhao sold 384,000 shares of KANZHUN stock. The stock was sold at an average price of $8.18, for a total value of $3,141,120.00.

KANZHUN Trading Down 6.0%

KANZHUN stock traded down $0.99 during trading hours on Monday, reaching $15.45. 40,686,903 shares of the company were exchanged, compared to its average volume of 4,551,832. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.57 and a 12 month high of $25.26. The stock has a 50-day moving average of $15.96 and a 200 day moving average of $14.65. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.75 and a beta of 0.48.

KANZHUN (NASDAQ:BZ) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%.The business had revenue of $353.05 million during the quarter. As a group, research analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current year.

KANZHUN Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be given a $0.51 dividend. This represents a yield of 313.0%. The ex-dividend date is Monday, September 28th. KANZHUN’s dividend payout ratio (DPR) is currently 10.56%.

Hedge Funds Weigh In On KANZHUN

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its stake in shares of KANZHUN by 93.1% in the 4th quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after purchasing an additional 815 shares in the last quarter. Leonteq Securities AG acquired a new position in KANZHUN in the fourth quarter valued at about $41,000. Parallel Advisors LLC grew its stake in KANZHUN by 5,732.4% during the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock worth $29,000 after buying an additional 2,121 shares during the last quarter. Evergreen Quality Fund GP Ltd. bought a new stake in KANZHUN during the fourth quarter worth about $59,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of KANZHUN during the fourth quarter worth approximately $67,000. Institutional investors own 60.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

KANZHUN Company Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform in China that connects job seekers with employers. The platform is designed to facilitate direct communication between candidates and hiring managers, helping users discover employment opportunities and allowing companies to identify and engage with potential hires.

BOSS Zhipin provides recruitment services through mobile applications and online platforms. Its offerings include job search and application tools for individuals, employer accounts for posting vacancies and sourcing candidates, and technology-supported matching and communication features intended to streamline the hiring process across a range of industries and job categories.

KANZHUN was founded in 2014 and is headquartered in Beijing, China.