Insider Selling: KANZHUN (NASDAQ:BZ) CEO Sells $2,977,488.00 in Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 359,600 shares of the company’s 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 completion of the transaction, the chief executive officer directly owned 2,824,080 shares of the company’s stock, valued at approximately $23,383,382.40. The trade was a 11.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value of $3,141,120.00.

KANZHUN Trading Down 0.1%

Shares of BZ stock opened at $15.01 on Thursday. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.60 and a beta of 0.48. The business’s 50-day moving average price is $16.03 and its 200-day moving average price is $14.63. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.57 and a 12 month high of $25.16.

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

KANZHUN Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be given 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 10.56%.

Hedge Funds Weigh In On KANZHUN

Several hedge funds and other institutional investors have recently bought and sold shares of BZ. Tidal Investments LLC grew its holdings in 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 acquiring an additional 1,670 shares during the period. Nykredit A S bought a new position in shares of KANZHUN in the 2nd quarter worth about $2,461,000. OceanIQ Capital LLC acquired a new position in shares of KANZHUN in the 2nd quarter valued at about $193,000. Raiffeisen Bank International AG lifted its stake in shares of KANZHUN by 286.4% in the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company’s stock valued at $441,000 after purchasing an additional 25,200 shares during the period. Finally, AXQ Capital LP bought a new stake in shares of KANZHUN during the 2nd quarter valued at about $378,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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 target on the stock. Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein restated an “outperform” rating and set a $19.00 price objective on shares of KANZHUN in a research report on Wednesday, August 26th. Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Barclays increased their target price on shares of KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.