KANZHUN (NASDAQ:BZ) Shares Gap Down – Time to Sell?

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) shares gapped down prior to trading on Thursday. The stock had previously closed at $16.72, but opened at $13.95. KANZHUN shares last traded at $13.1580, with a volume of 3,970,949 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on BZ shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $19.00 price target on shares of KANZHUN in a report on Wednesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KANZHUN in a report on Tuesday, November 3rd. Bank of America assumed coverage on shares of KANZHUN in a research report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 target price for the company. Finally, Barclays lifted their price target on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.33.

KANZHUN Price Performance

The stock has a market cap of $5.32 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 1.81 and a beta of 0.50. The business has a 50 day moving average price of $15.93 and a two-hundred day moving average price of $15.25.

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. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. The firm had revenue of $353.05 million for the quarter. On average, sell-side analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1.00 earnings per share for the current fiscal year.

KANZHUN Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a dividend yield of 360.0%. KANZHUN’s dividend payout ratio is currently 35.92%.

Insider Buying and Selling

In related news, CMO Xu Chen sold 200,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $8.15, for a total value of $1,630,000.00. Following the completion of the transaction, the chief marketing officer directly owned 153,340 shares in the company, valued at $1,249,721. This trade represents a 56.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peng Zhao sold 15,170,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $7.25, for a total transaction of $109,982,500.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,574,304 shares of company stock valued at $121,583,960 over the last ninety days. Company insiders own 5.60% of the company’s stock.

Institutional Trading of KANZHUN

Several institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its position in shares of KANZHUN by 43.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 13,498,670 shares of the company’s stock valued at $199,780,000 after buying an additional 4,084,629 shares during the last quarter. Perseverance Asset Management International increased its holdings in KANZHUN by 1,603.8% in the 1st quarter. Perseverance Asset Management International now owns 4,287,565 shares of the company’s stock worth $57,410,000 after buying an additional 4,035,923 shares in the last quarter. Renaissance Technologies LLC raised its position in KANZHUN by 43.3% in the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock worth $76,305,000 after buying an additional 1,722,700 shares during the last quarter. Bank of America Corp DE raised its position in KANZHUN by 38.5% in the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock worth $81,452,000 after buying an additional 1,690,275 shares during the last quarter. Finally, WCM Investment Management LLC raised its position in KANZHUN by 374.7% in the 1st quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock worth $20,408,000 after buying an additional 1,207,553 shares during the last quarter. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform that connects job seekers with employers in China. Its services are designed to help candidates find employment opportunities and enable businesses to recruit talent. The platform emphasizes direct communication between job seekers and recruiters, alongside tools for discovering and matching candidates with available positions. KANZHUN provides recruitment services through its mobile and online platforms. BOSS Zhipin was launched in 2014.