KANZHUN (NASDAQ:BZ) Director Yang Mu Sells 60,704 Shares of Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Director Yang Mu sold 60,704 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $7.46, for a total transaction of $452,851.84. Following the completion of the sale, the director directly owned 143,356 shares in the company, valued at $1,069,435.76. This represents a 29.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

KANZHUN Stock Performance

Shares of BZ stock opened at $14.79 on Friday. KANZHUN LIMITED Sponsored ADR has a one year low of $12.57 and a one year high of $24.73. The company has a 50 day moving average price of $16.06 and a 200 day moving average price of $14.62. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.48.

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

KANZHUN Dividend Announcement

The company 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 dividend of $0.51 per share. This represents a yield of 313.0%. The ex-dividend date of this dividend is Monday, September 28th. KANZHUN’s payout ratio is 10.56%.

Analyst Ratings Changes

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

Institutional Trading of KANZHUN

Several large investors have recently added to or reduced their stakes in BZ. Capital International Investors lifted its stake 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 worth $200,651,000 after purchasing an additional 1,786,308 shares in the last quarter. Thornburg Investment Management Inc. boosted its position in shares of KANZHUN by 58.8% in the fourth 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 during the period. Bank of America Corp DE grew its stake in shares of KANZHUN by 38.5% in the first quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock valued at $81,452,000 after buying an additional 1,690,275 shares in the last quarter. 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 valued at $76,305,000 after buying an additional 1,722,700 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of KANZHUN during the 4th quarter valued at about $105,095,000. 60.67% of the stock is currently owned by institutional investors and hedge funds.

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.