Insider Selling: KANZHUN (NASDAQ:BZ) CMO Sells $3,400,000.00 in Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CMO Xu Chen sold 400,000 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $8.50, for a total value of $3,400,000.00. Following the completion of the sale, the chief marketing officer directly owned 153,340 shares in the company, valued at approximately $1,303,390. This represents a 72.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Xu Chen also recently made the following trade(s):

• On Thursday, September 10th, Xu Chen sold 200,000 shares of KANZHUN stock. The stock was sold at an average price of $8.15, for a total value of $1,630,000.00.

KANZHUN Stock Performance

Shares of NASDAQ BZ opened at $16.44 on Friday. The stock has a market cap of $6.74 billion, a PE ratio of 11.58, a PEG ratio of 1.75 and a beta of 0.48. The business has a fifty day moving average of $15.96 and a two-hundred day moving average of $14.66. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.57 and a 52-week high of $25.26.

KANZHUN (NASDAQ:BZ) last posted its 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 for the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. Analysts predict that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current year.

KANZHUN Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be paid 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 dividend payout ratio is currently 10.56%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Bank of America initiated coverage on KANZHUN in a report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price target for the company. Barclays boosted their price objective on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, 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. Three investment 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 an average price target of $19.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in KANZHUN in the 1st quarter valued at $201,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of KANZHUN during the first quarter valued at $27,000. Millennium Management LLC lifted its stake in shares of KANZHUN by 85.3% during the first quarter. Millennium Management LLC now owns 942,035 shares of the company’s stock valued at $18,059,000 after acquiring an additional 433,705 shares during the period. American Century Companies Inc. boosted its holdings in KANZHUN by 3.1% in the second quarter. American Century Companies Inc. now owns 69,707 shares of the company’s stock valued at $1,244,000 after acquiring an additional 2,096 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in KANZHUN by 315.5% in the second quarter. EverSource Wealth Advisors LLC now owns 5,850 shares of the company’s stock valued at $104,000 after acquiring an additional 4,442 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

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.