KANZHUN LIMITED Sponsored ADR $BZ Shares Sold by Matthews International Capital Management LLC

Matthews International Capital Management LLC lessened its stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) by 51.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 379,049 shares of the company’s stock after selling 408,696 shares during the period. KANZHUN accounts for about 2.3% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Matthews International Capital Management LLC’s holdings in KANZHUN were worth $5,610,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of BZ. Legacy Wealth Asset Management LLC boosted its holdings in shares of KANZHUN by 1.5% in the second quarter. Legacy Wealth Asset Management LLC now owns 101,431 shares of the company’s stock valued at $1,305,000 after purchasing an additional 1,486 shares during the period. Tidal Investments LLC increased its holdings in KANZHUN by 2.8% during 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. Profund Advisors LLC increased its holdings in KANZHUN by 4.0% during the 3rd quarter. Profund Advisors LLC now owns 49,643 shares of the company’s stock worth $735,000 after purchasing an additional 1,901 shares during the period. Parallel Advisors LLC increased its holdings in KANZHUN by 5,732.4% during 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 period. Finally, Rakuten Investment Management Inc. increased its holdings in KANZHUN by 14.7% during the 3rd quarter. Rakuten Investment Management Inc. now owns 22,181 shares of the company’s stock worth $314,000 after purchasing an additional 2,843 shares during the period. Institutional investors own 60.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $19.00 target price on shares of KANZHUN in a research report on Wednesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of KANZHUN in a research report on Tuesday, November 3rd. Barclays increased their price target on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Finally, Bank of America assumed coverage on KANZHUN in a research note on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price target on the stock. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, KANZHUN has an average rating of “Hold” and an average price target of $19.33.

Insider Buying and Selling at KANZHUN

In other news, CEO Peng Zhao sold 15,170,000 shares of KANZHUN stock in a transaction that occurred 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 filing with the SEC, which is accessible through this hyperlink. Also, CMO Xu Chen sold 200,000 shares of KANZHUN stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $8.15, for a total transaction of $1,630,000.00. Following the completion of the transaction, the chief marketing officer directly owned 153,340 shares in the company, valued at approximately $1,249,721. The trade was a 56.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 16,574,304 shares of company stock valued at $121,583,960.

KANZHUN Price Performance

Shares of NASDAQ BZ opened at $16.98 on Wednesday. The stock has a market capitalization of $7.04 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 1.80 and a beta of 0.50. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.57 and a 1-year high of $22.49. The business has a fifty day moving average price of $15.95 and a 200 day moving average price of $15.26.

KANZHUN (NASDAQ:BZ) last posted its earnings results on Friday, August 14th. The company reported $0.33 earnings per share (EPS) for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. The company had revenue of $353.05 million for the quarter. As a group, equities research analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1.00 earnings per share for the current fiscal year.

KANZHUN Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th were given a dividend of $0.51 per share. 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%.

KANZHUN Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform that connects job seekers with employers in China. Its services are designed to help candidates find employment opportunities and enable businesses to recruit talent. The platform emphasizes direct communication between job seekers and recruiters, alongside tools for discovering and matching candidates with available positions. KANZHUN provides recruitment services through its mobile and online platforms. BOSS Zhipin was launched in 2014.