Insider Selling: KANZHUN (NASDAQ:BZ) CEO Sells $109,982,500.00 in Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 15,170,000 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $7.25, for a total transaction of $109,982,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $2,977,488.00.
• On Thursday, September 10th, Peng Zhao sold 384,000 shares of KANZHUN stock. The stock was sold at an average price of $8.18, for a total transaction of $3,141,120.00.

KANZHUN Price Performance

Shares of KANZHUN stock opened at $14.41 on Thursday. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.58 and a beta of 0.48. The business has a 50-day moving average of $16.07 and a 200 day moving average of $14.58. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.57 and a 12 month high of $24.65.

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 during the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. Equities research analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current year.

KANZHUN Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BZ. Capital International Investors raised its holdings in shares of KANZHUN by 22.2% in the 4th 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 in the last quarter. Thornburg Investment Management Inc. increased its position in KANZHUN by 58.8% in the 4th 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 last quarter. Bank of America Corp DE boosted its holdings in KANZHUN by 38.5% in the first quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock worth $81,452,000 after purchasing an additional 1,690,275 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of KANZHUN by 43.3% during the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock worth $76,305,000 after buying an additional 1,722,700 shares during the period. Finally, Norges Bank acquired a new position in shares of KANZHUN during the fourth quarter worth approximately $105,095,000. 60.67% of the stock is owned by institutional investors and hedge funds.

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.