KANZHUN (NASDAQ:BZ) CEO Peng Jonathan Zhao Sells 384,000 Shares

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 384,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $8.18, for a total transaction of $3,141,120.00. Following the transaction, the chief executive officer owned 3,183,680 shares in the company, valued at approximately $26,042,502.40. The trade was a 10.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, September 11th, Peng Zhao sold 359,600 shares of KANZHUN stock. The shares were sold at an average price of $8.28, for a total transaction of $2,977,488.00.

KANZHUN Trading Down 6.0%

Shares of BZ traded down $0.99 during mid-day trading on Monday, hitting $15.45. The company’s stock had a trading volume of 40,686,903 shares, compared to its average volume of 4,551,832. The company’s 50-day moving average is $15.96 and its 200-day moving average is $14.65. KANZHUN LIMITED Sponsored ADR has a 52-week low of $12.57 and a 52-week high of $25.26. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.75 and a beta of 0.48.

KANZHUN (NASDAQ:BZ) last issued 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 for the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. As a group, sell-side analysts predict that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current fiscal year.

KANZHUN Dividend Announcement

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

Institutional Trading of KANZHUN

Hedge funds and other institutional investors have recently made changes to their positions in the business. WCM Investment Management LLC lifted its stake in shares of KANZHUN by 374.7% during the first 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 period. Capital Today Evergreen Fund L.P. acquired a new stake in KANZHUN during the 2nd quarter worth about $923,641. Bank of America Corp DE grew its stake in KANZHUN by 38.5% during the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock valued at $81,452,000 after purchasing an additional 1,690,275 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of KANZHUN by 45.8% in the first quarter. Lazard Asset Management LLC now owns 2,001,349 shares of the company’s stock valued at $26,798,000 after purchasing an additional 628,993 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of KANZHUN by 43.3% in the first quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock worth $76,305,000 after purchasing an additional 1,722,700 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and set a $19.00 price objective on shares of KANZHUN in a research note on Wednesday, August 26th. Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Barclays boosted 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. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Bank of America started coverage on shares of KANZHUN in a report 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently 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.