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

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has received a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.33.

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of KANZHUN in a report on Tuesday, November 3rd. Barclays lifted their target price on KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a report on Wednesday, August 26th. Finally, Bank of America assumed coverage on shares of KANZHUN in a report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 target price for the company.

Insider Transactions at KANZHUN

In related news, CEO Peng Zhao sold 15,170,000 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $7.25, for a total value of $109,982,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Xu Chen sold 200,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $8.15, for a total value of $1,630,000.00. Following the completion of the transaction, the chief marketing officer directly owned 153,340 shares of the company’s stock, valued at approximately $1,249,721. This trade represents a 56.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,574,304 shares of company stock worth $121,583,960. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZ. Parallel Advisors LLC raised its position in shares of KANZHUN by 5,732.4% in the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock worth $29,000 after acquiring an additional 2,121 shares during the period. Silver Grove Financial Group Inc. grew its position in shares of KANZHUN by 54.1% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 2,917 shares of the company’s stock valued at $43,000 after acquiring an additional 1,024 shares during the period. Global Retirement Partners LLC grew its position in shares of KANZHUN by 158.9% during the 3rd quarter. Global Retirement Partners LLC now owns 3,441 shares of the company’s stock valued at $51,000 after acquiring an additional 2,112 shares during the period. Hantz Financial Services Inc. grew its position in shares of KANZHUN by 8.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 11,003 shares of the company’s stock valued at $163,000 after acquiring an additional 865 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of KANZHUN during the 3rd quarter valued at about $167,000. Hedge funds and other institutional investors own 60.67% of the company’s stock.

KANZHUN Stock Performance

BZ opened at $16.72 on Thursday. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.81 and a beta of 0.50. The company has a fifty day moving average of $15.93 and a 200 day moving average of $15.25. KANZHUN has a fifty-two week low of $12.57 and a fifty-two week high of $22.49.

KANZHUN (NASDAQ:BZ) last released its quarterly earnings results on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. The business had revenue of $353.05 million during the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. On average, equities research analysts forecast that KANZHUN will post 1.00 earnings per share for the current year.

KANZHUN Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, September 28th. This represents a dividend yield of 360.0%. KANZHUN’s dividend payout ratio is 35.92%.

KANZHUN Company Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform that connects job seekers with employers in China. Its services are designed to help candidates find employment opportunities and enable businesses to recruit talent. The platform emphasizes direct communication between job seekers and recruiters, alongside tools for discovering and matching candidates with available positions. KANZHUN provides recruitment services through its mobile and online platforms. BOSS Zhipin was launched in 2014.