KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Stock Rated “Hold” by Sell-Side Analysts

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) have received an average recommendation of “Hold” from the five analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.33.

A number of equities analysts recently issued reports on BZ shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $19.00 price target on shares of KANZHUN in a research note on Wednesday, August 26th. Barclays raised their price objective on shares of KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Finally, Bank of America assumed coverage on shares of KANZHUN in a research note on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 target price on the stock.

Insider Activity at KANZHUN

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

Institutional Inflows and Outflows

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

KANZHUN Stock Performance

Shares of NASDAQ:BZ opened at $14.11 on Wednesday. The stock has a fifty day simple moving average of $16.04 and a two-hundred day simple moving average of $14.57. KANZHUN has a 12-month low of $12.57 and a 12-month high of $24.65. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.51 and a beta of 0.48.

KANZHUN (NASDAQ:BZ) last released its earnings results on Friday, August 14th. The company reported $0.33 EPS for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%.The firm had revenue of $353.05 million for the quarter. As a group, equities research analysts predict that KANZHUN will post 1 EPS for the current year.

KANZHUN Dividend Announcement

The company also recently disclosed 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. This represents a yield of 361.0%. The ex-dividend date is Monday, September 28th. KANZHUN’s payout ratio is presently 10.56%.

About KANZHUN

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.