KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Stock Has Average Target Price of $19.33

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) have been given an average recommendation of “Hold” by the five brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.33.

BZ has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $19.00 price target on shares of KANZHUN in a research note on Wednesday, August 26th. Bank of America initiated coverage on shares of KANZHUN in a report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price objective for the company. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Finally, Barclays increased their target price on shares of KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th.

Insider Activity at KANZHUN

In related news, Director Yang Mu sold 60,704 shares of KANZHUN 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 completion of the transaction, the director directly owned 143,356 shares in the company, valued at approximately $1,069,435.76. This trade represents a 29.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Peng Zhao sold 15,170,000 shares of KANZHUN stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $7.25, for a total value of $109,982,500.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 16,574,304 shares of company stock worth $121,583,960. Company insiders own 5.60% of the company’s stock.

Institutional Trading of KANZHUN

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of KANZHUN by 2.8% during the 2nd quarter. Tidal Investments LLC now owns 60,464 shares of the company’s stock worth $778,000 after buying an additional 1,670 shares during the last quarter. Nykredit A S acquired a new position in KANZHUN in the 2nd quarter valued at about $2,461,000. OceanIQ Capital LLC acquired a new position in KANZHUN in the 2nd quarter valued at about $193,000. Raiffeisen Bank International AG raised its stake in 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 during the last quarter. Finally, AXQ Capital LP purchased a new stake in KANZHUN during the 2nd quarter valued at approximately $378,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

KANZHUN Stock Down 0.8%

BZ opened at $14.11 on Wednesday. KANZHUN has a 52 week low of $12.57 and a 52 week high of $24.65. The business has a fifty day simple moving average of $16.04 and a 200-day simple moving average of $14.57. The firm has a market cap of $5.80 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.52 and a beta of 0.48.

KANZHUN (NASDAQ:BZ) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share (EPS) for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%.The firm had revenue of $353.05 million for the quarter. Sell-side analysts expect that KANZHUN will post 1 earnings per share for the current year.

KANZHUN Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th will be paid a $0.51 dividend. This represents a dividend yield of 313.0%. The ex-dividend date is Monday, September 28th. KANZHUN’s dividend payout ratio (DPR) is presently 10.56%.

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.