Peng Jonathan Zhao Sells 359,600 Shares of KANZHUN (NASDAQ:BZ) Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 359,600 shares of KANZHUN stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $8.28, for a total value of $2,977,488.00. Following the transaction, the chief executive officer directly owned 2,824,080 shares in the company, valued at approximately $23,383,382.40. The trade was a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Peng Jonathan Zhao also recently made the following trade(s):

• On Thursday, September 10th, Peng Zhao sold 384,000 shares of KANZHUN stock. The shares were sold at an average price of $8.18, for a total transaction of $3,141,120.00.

KANZHUN Stock Performance

Shares of NASDAQ:BZ traded down $0.99 during trading hours on Monday, hitting $15.45. 40,686,903 shares of the company’s stock traded hands, compared to its average volume of 4,551,832. The company’s fifty day simple moving average is $15.96 and its two-hundred day simple moving average is $14.65. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.57 and a 52 week high of $25.26.

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

KANZHUN Announces Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a dividend yield of 313.0%. KANZHUN’s dividend payout ratio is currently 10.56%.

Institutional Investors Weigh In On KANZHUN

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC grew its position in KANZHUN by 2.8% during the second quarter. Tidal Investments LLC now owns 60,464 shares of the company’s stock valued at $778,000 after purchasing an additional 1,670 shares in the last quarter. Nykredit A S acquired a new stake in shares of KANZHUN during the 2nd quarter valued at $2,461,000. California State Teachers Retirement System boosted its stake in shares of KANZHUN by 1,186.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,935,158 shares of the company’s stock valued at $37,775,000 after buying an additional 2,707,067 shares during the period. OceanIQ Capital LLC acquired a new stake in shares of KANZHUN during the 2nd quarter valued at $193,000. Finally, Raiffeisen Bank International AG grew its holdings in shares of KANZHUN by 286.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company’s stock valued at $441,000 after acquiring an additional 25,200 shares in the last quarter. 60.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BZ. Weiss Ratings raised KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $19.00 target price on shares of KANZHUN in a report on Wednesday, August 26th. Barclays increased their price target on KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Finally, Bank of America started coverage on KANZHUN in a research note on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.33.

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.