Xu Chen Sells 400,000 Shares of KANZHUN (NASDAQ:BZ) Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CMO Xu Chen sold 400,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $8.50, for a total transaction of $3,400,000.00. Following the transaction, the chief marketing officer owned 153,340 shares in the company, valued at approximately $1,303,390. The trade was a 72.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

KANZHUN Trading Up 2.1%

Shares of NASDAQ BZ opened at $16.41 on Friday. KANZHUN LIMITED Sponsored ADR has a 1 year low of $12.57 and a 1 year high of $25.26. The firm’s 50-day moving average is $15.89 and its 200-day moving average is $14.65. The firm has a market capitalization of $6.73 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.72 and a beta of 0.48.

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

KANZHUN Dividend Announcement

The business 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 313.0%. The ex-dividend date is Monday, September 28th. KANZHUN’s dividend payout ratio is currently 10.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of KANZHUN in the 1st quarter valued at about $27,000. Parallel Advisors LLC grew its stake in shares of KANZHUN by 5,732.4% during the 1st quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock worth $29,000 after acquiring an additional 2,121 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of KANZHUN in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC raised its holdings in shares of KANZHUN by 93.1% in the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after purchasing an additional 815 shares during the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of KANZHUN in the fourth quarter worth $41,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

BZ has been the topic of several analyst reports. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings raised KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $19.00 price target on shares of KANZHUN in a research report on Wednesday, August 26th. Barclays lifted their price objective on shares of KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Finally, Bank of America started coverage on shares of KANZHUN in a report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.