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

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) have received an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.33.

Several research analysts have weighed in on BZ shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $19.00 price target on shares of KANZHUN in a research report on Wednesday, August 26th. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Bank of America assumed coverage on shares of KANZHUN in a research report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price target on the stock. Finally, Barclays increased their price target 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.

KANZHUN Trading Up 0.3%

KANZHUN stock opened at $16.46 on Friday. KANZHUN has a 1 year low of $12.57 and a 1 year high of $22.81. The company’s 50-day moving average is $15.88 and its two-hundred day moving average is $14.83. The company has a market cap of $6.82 billion, a PE ratio of 11.59, a PEG ratio of 1.76 and a beta of 0.50.

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

KANZHUN Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a dividend yield of 360.0%. KANZHUN’s dividend payout ratio (DPR) is currently 35.92%.

Insider Activity at KANZHUN

In related news, Director Yang Mu sold 60,704 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were 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 $1,069,435.76. This represents a 29.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CMO Xu Chen sold 200,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $8.15, for a total value of $1,630,000.00. Following the sale, the chief marketing officer owned 153,340 shares of the company’s stock, valued at $1,249,721. The trade was a 56.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 16,574,304 shares of company stock worth $121,583,960. Company insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On KANZHUN

Hedge funds and other institutional investors have recently bought and sold shares of the company. WCM Investment Management LLC raised its holdings in KANZHUN by 374.7% during the first quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock worth $20,408,000 after buying an additional 1,207,553 shares during the last quarter. Capital Today Evergreen Fund L.P. bought a new stake in shares of KANZHUN during the second quarter worth about $923,641. Bank of America Corp DE lifted its position in KANZHUN by 38.5% in the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock valued at $81,452,000 after acquiring an additional 1,690,275 shares in the last quarter. Lazard Asset Management LLC lifted its position in KANZHUN by 45.8% in the 1st quarter. Lazard Asset Management LLC now owns 2,001,349 shares of the company’s stock valued at $26,798,000 after acquiring an additional 628,993 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in KANZHUN by 238.5% during the 2nd quarter. Headlands Technologies LLC now owns 119,462 shares of the company’s stock valued at $1,537,000 after purchasing an additional 84,171 shares during the last quarter. Institutional investors and hedge funds own 60.67% of the company’s stock.

KANZHUN Company Profile

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.