KANZHUN (NASDAQ:BZ) CEO Peng Jonathan Zhao Sells 384,000 Shares

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 384,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $8.18, for a total transaction of $3,141,120.00. Following the completion of the sale, the chief executive officer directly owned 3,183,680 shares in the company, valued at approximately $26,042,502.40. The trade was a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, September 11th, Peng Zhao sold 359,600 shares of KANZHUN stock. The shares were sold at an average price of $8.28, for a total value of $2,977,488.00.

KANZHUN Stock Down 6.0%

Shares of BZ stock traded down $0.99 on Monday, hitting $15.45. The company had a trading volume of 40,686,903 shares, compared to its average volume of 4,551,832. KANZHUN LIMITED Sponsored ADR has a twelve month low of $12.57 and a twelve month high of $25.26. The firm has a market cap of $6.34 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. The company has a 50-day moving average price of $15.96 and a 200-day moving average price of $14.65.

KANZHUN (NASDAQ:BZ) last posted its earnings results on Friday, August 14th. The company reported $0.33 EPS for the quarter. The firm 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%. Equities research analysts expect that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current year.

KANZHUN Announces Dividend

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

Hedge Funds Weigh In On KANZHUN

Large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its position in shares of KANZHUN by 2.8% in the second quarter. Tidal Investments LLC now owns 60,464 shares of the company’s stock valued at $778,000 after purchasing an additional 1,670 shares during the period. Nykredit A S acquired a new position in shares of KANZHUN during the 2nd quarter worth about $2,461,000. California State Teachers Retirement System raised its position in shares of KANZHUN by 1,186.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,935,158 shares of the company’s stock worth $37,775,000 after purchasing an additional 2,707,067 shares during the last quarter. OceanIQ Capital LLC purchased a new position in KANZHUN in the 2nd quarter valued at about $193,000. Finally, Raiffeisen Bank International AG lifted its stake in KANZHUN by 286.4% in the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company’s stock valued at $441,000 after buying an additional 25,200 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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