KANZHUN (NASDAQ:BZ) Stock Sees Heavy Call Option Buying

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) was the target of some unusual options trading on Thursday. Investors bought 4,512 call options on the stock. This is an increase of approximately 1,836% compared to the average volume of 233 call options.

KANZHUN Stock Down 0.1%

NASDAQ:BZ traded down $0.01 during mid-day trading on Thursday, reaching $14.79. 1,084,909 shares of the company were exchanged, compared to its average volume of 4,710,686. The stock has a market cap of $6.11 billion, a PE ratio of 10.40, a PEG ratio of 1.51 and a beta of 0.48. KANZHUN has a 12 month low of $12.57 and a 12 month high of $24.65. The company has a fifty day moving average of $15.96 and a 200 day moving average of $14.57.

KANZHUN (NASDAQ:BZ) last announced its 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 during the quarter. On average, equities research analysts anticipate that KANZHUN will post 1 EPS for the current fiscal year.

KANZHUN Announces Dividend

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 given a $0.51 dividend. This represents a yield of 360.0%. The ex-dividend date is Monday, September 28th. KANZHUN’s payout ratio is 35.92%.

Insider Activity at KANZHUN

In other KANZHUN news, CMO Xu Chen sold 200,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $8.15, for a total value of $1,630,000.00. Following the sale, the chief marketing officer directly owned 153,340 shares in the company, valued at $1,249,721. This represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Yang Mu sold 60,704 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $7.46, for a total value of $452,851.84. Following the transaction, the director owned 143,356 shares of the company’s stock, valued at $1,069,435.76. This represents a 29.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,574,304 shares of company stock valued at $121,583,960 in the last 90 days. 5.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in KANZHUN by 5,732.4% in the 1st quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock valued at $29,000 after buying an additional 2,121 shares during the last quarter. Evergreen Quality Fund GP Ltd. bought a new stake in shares of KANZHUN during the fourth quarter worth $59,000. Global Retirement Partners LLC lifted its stake in shares of KANZHUN by 24.0% during the fourth quarter. Global Retirement Partners LLC now owns 6,810 shares of the company’s stock valued at $139,000 after acquiring an additional 1,318 shares during the period. OceanIQ Capital LLC bought a new position in KANZHUN in the second quarter valued at about $193,000. Finally, Rakuten Investment Management Inc. acquired a new stake in KANZHUN in the second quarter worth about $251,000. 60.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BZ has been the subject of several analyst reports. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Barclays upped 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. Bank of America initiated 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. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, KANZHUN has an average rating of “Hold” 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 supports recruitment across a range of industries and company sizes, helping users discover employment opportunities and allowing businesses to identify and communicate with potential candidates.

BOSS Zhipin is designed around direct communication between job seekers and recruiters, with mobile and online tools for searching positions, reviewing candidate or employer information, initiating conversations, and managing recruitment activities.