Investors Buy High Volume of KANZHUN Call Options (NASDAQ:BZ)

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) saw some unusual options trading on Thursday. Traders purchased 4,512 call options on the stock. This is an increase of approximately 1,836% compared to the typical volume of 233 call options.

Insiders Place Their Bets

In other news, CMO Xu Chen sold 400,000 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $8.50, for a total value of $3,400,000.00. Following the transaction, the chief marketing officer owned 153,340 shares of the company’s stock, valued at $1,303,390. This represents a 72.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peng Zhao sold 15,170,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $7.25, for a total transaction of $109,982,500.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,574,304 shares of company stock valued at $121,583,960 in the last quarter. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Capital International Investors increased its position in shares of KANZHUN by 22.2% during the fourth quarter. Capital International Investors now owns 9,845,468 shares of the company’s stock valued at $200,651,000 after acquiring an additional 1,786,308 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in KANZHUN by 58.8% in the 4th quarter. Thornburg Investment Management Inc. now owns 6,117,010 shares of the company’s stock worth $124,665,000 after buying an additional 2,265,441 shares in the last quarter. Bank of America Corp DE lifted its stake in KANZHUN by 38.5% during the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock valued at $81,452,000 after acquiring an additional 1,690,275 shares during the period. Renaissance Technologies LLC grew its stake in shares of KANZHUN by 43.3% in the first quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock worth $76,305,000 after acquiring an additional 1,722,700 shares during the period. Finally, Norges Bank purchased a new position in shares of KANZHUN during the fourth quarter valued at approximately $105,095,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays raised their price target on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Bank of America started coverage on shares of KANZHUN in a report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price target on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a research report on Wednesday, August 26th. Finally, Weiss Ratings upgraded shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $19.33.

KANZHUN Stock Performance

Shares of NASDAQ BZ opened at $14.95 on Friday. The company has a 50 day simple moving average of $15.96 and a two-hundred day simple moving average of $14.57. KANZHUN has a fifty-two week low of $12.57 and a fifty-two week high of $24.65. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 1.58 and a beta of 0.50.

KANZHUN (NASDAQ:BZ) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. The company had revenue of $353.05 million for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. On average, analysts forecast that KANZHUN will post 1 earnings per share for the current fiscal year.

KANZHUN Dividend Announcement

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 paid a $0.51 dividend. The ex-dividend date is Monday, September 28th. This represents a yield of 360.0%. KANZHUN’s payout ratio is presently 35.92%.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform in China that connects job seekers with employers. The platform supports recruitment across a range of industries and company sizes, helping users discover employment opportunities and allowing businesses to identify and communicate with potential candidates.

BOSS Zhipin is designed around direct communication between job seekers and recruiters, with mobile and online tools for searching positions, reviewing candidate or employer information, initiating conversations, and managing recruitment activities.