KANZHUN (NASDAQ:BZ) CMO Xu Chen Sells 200,000 Shares of Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CMO Xu Chen sold 200,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief marketing officer owned 153,340 shares of the company’s stock, valued at approximately $1,249,721. This trade represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, September 4th, Xu Chen sold 400,000 shares of KANZHUN stock. The stock was sold at an average price of $8.50, for a total transaction of $3,400,000.00.

KANZHUN Trading Up 0.2%

NASDAQ BZ opened at $16.44 on Friday. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.57 and a 12 month high of $25.26. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.75 and a beta of 0.48. The company’s 50 day moving average is $15.96 and its two-hundred day moving average is $14.66.

KANZHUN (NASDAQ:BZ) last posted its quarterly 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 during the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. Sell-side analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current year.

KANZHUN Announces Dividend

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 given a dividend of $0.51 per share. The ex-dividend date is Monday, September 28th. This represents a dividend yield of 313.0%. KANZHUN’s dividend payout ratio (DPR) is presently 10.56%.

Institutional Investors Weigh In On KANZHUN

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BZ. Bank of America initiated coverage on KANZHUN in a report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 target price on the stock. Zacks Research upgraded 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 issued a $19.00 price objective on shares of KANZHUN in a research note on Wednesday, August 26th. Barclays lifted 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. Finally, Weiss Ratings raised KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, KANZHUN 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.