KANZHUN (NASDAQ:BZ) Sees Large Volume Increase – Time to Buy?

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) saw strong trading volume on Monday . Approximately 22,486,114 shares traded hands during trading, an increase of 405% from the previous session’s volume of 4,448,430 shares.The stock last traded at $15.5010 and had previously closed at $16.44.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research raised shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Sanford C. Bernstein reissued an “outperform” rating and set a $19.00 target price on shares of KANZHUN in a research report on Wednesday, August 26th. Bank of America started coverage on shares of KANZHUN in a research note on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price target for the company. Barclays lifted their price target on shares of KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Finally, Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.33.

KANZHUN Trading Down 5.3%

The firm has a fifty day moving average of $15.96 and a two-hundred day moving average of $14.65. The company has a market cap of $6.38 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48.

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

KANZHUN Dividend Announcement

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

Insider Activity

In related news, CMO Xu Chen sold 200,000 shares of the company’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 transaction of $1,630,000.00. Following the sale, the chief marketing officer directly owned 153,340 shares in the company, valued at approximately $1,249,721. This represents a 56.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of KANZHUN during the first quarter worth $27,000. Parallel Advisors LLC grew its position in shares of KANZHUN by 5,732.4% in the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company’s stock valued at $29,000 after purchasing an additional 2,121 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of KANZHUN in the fourth quarter valued at $29,000. Larson Financial Group LLC raised its stake in shares of KANZHUN by 93.1% during the 4th quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after purchasing an additional 815 shares during the period. Finally, Leonteq Securities AG purchased a new stake in KANZHUN during the 4th quarter worth about $41,000. 60.67% of the stock is currently owned by hedge funds and other institutional investors.

KANZHUN Company Profile

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.