KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Stock Has Consensus Target Price of $19.33 According to Brokerages

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $19.33.

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

KANZHUN Price Performance

BZ stock opened at $16.41 on Friday. The company’s 50 day simple moving average is $15.87 and its 200-day simple moving average is $14.82. KANZHUN has a 12 month low of $12.57 and a 12 month high of $22.81. The firm has a market capitalization of $6.80 billion, a PE ratio of 17.48, a P/E/G ratio of 1.74 and a beta of 0.50.

KANZHUN (NASDAQ:BZ) last posted its earnings results on Friday, August 14th. The company reported $0.33 EPS for the quarter. The business 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 anticipate that KANZHUN will post 1.00 earnings per share for the current year.

KANZHUN Dividend Announcement

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

Insider Buying and Selling at KANZHUN

In related news, CEO Peng Zhao sold 15,170,000 shares of KANZHUN stock in a transaction on Monday, September 21st. The shares were sold at an average price of $7.25, for a total value of $109,982,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $452,851.84. Following the completion of the sale, the director owned 143,356 shares of the company’s stock, valued at approximately $1,069,435.76. This trade represents a 29.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 16,574,304 shares of company stock valued at $121,583,960 in the last three months. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its position in shares of KANZHUN by 5,732.4% in the 1st quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock worth $29,000 after purchasing an additional 2,121 shares during the last quarter. OceanIQ Capital LLC acquired a new stake in shares of KANZHUN in the 2nd quarter valued at about $193,000. Rakuten Investment Management Inc. bought a new position in shares of KANZHUN during the second quarter worth about $251,000. AXQ Capital LP bought a new position in shares of KANZHUN during the second quarter worth about $378,000. Finally, Raiffeisen Bank International AG lifted its position in shares of 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 purchasing an additional 25,200 shares during the last quarter. 60.67% of the stock is owned by institutional investors and hedge funds.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform serving job seekers and employers in China. The platform is designed to facilitate direct communication between candidates and hiring companies, helping users discover job opportunities, exchange information and arrange interviews.

BOSS Zhipin is available through mobile applications and online platforms. Its services support recruitment across a broad range of industries and company sizes, including opportunities for professional, technical and other workers.