KANZHUN (NASDAQ:BZ) Director Sells $452,851.84 in Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) 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 value of $452,851.84. Following the completion of the transaction, the director owned 143,356 shares in the company, valued at $1,069,435.76. The trade was a 29.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

KANZHUN Trading Down 0.4%

Shares of KANZHUN stock traded down $0.05 on Friday, reaching $14.79. 6,227,239 shares of the company were exchanged, compared to its average volume of 4,625,445. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.57 and a fifty-two week high of $24.73. The firm has a market capitalization of $6.07 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 1.60 and a beta of 0.48. The stock has a fifty day moving average price of $16.04 and a 200-day moving average price of $14.62.

KANZHUN (NASDAQ:BZ) last released 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 return on equity of 15.03% and a net margin of 53.16%. On average, equities analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current fiscal year.

KANZHUN Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be issued a $0.51 dividend. This represents a dividend yield of 313.0%. The ex-dividend date is Monday, September 28th. KANZHUN’s dividend payout ratio (DPR) is presently 35.92%.

Institutional Investors Weigh In On KANZHUN

Large investors have recently bought and sold shares of the business. Norges Bank bought a new position in KANZHUN in the fourth quarter valued at about $105,095,000. Perseverance Asset Management International boosted its position in shares of 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 purchasing an additional 4,035,923 shares during the last quarter. Thornburg Investment Management Inc. grew its stake in shares of KANZHUN by 58.8% during the fourth quarter. Thornburg Investment Management Inc. now owns 6,117,010 shares of the company’s stock worth $124,665,000 after purchasing an additional 2,265,441 shares during the period. Capital International Investors grew its stake in shares of KANZHUN by 22.2% during the fourth quarter. Capital International Investors now owns 9,845,468 shares of the company’s stock worth $200,651,000 after purchasing an additional 1,786,308 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in KANZHUN by 43.3% in the first quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock valued at $76,305,000 after purchasing an additional 1,722,700 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BZ has been the subject of several research reports. Bank of America started coverage on shares of KANZHUN in a report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price target for the company. Barclays lifted their target price on shares of KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Weiss Ratings upgraded shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $19.00 price objective on shares of KANZHUN in a research report on Wednesday, August 26th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.33.

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.