Xu Chen Sells 200,000 Shares of KANZHUN (NASDAQ:BZ) Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CMO Xu Chen sold 200,000 shares of KANZHUN stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $8.15, for a total value of $1,630,000.00. Following the completion of the transaction, the chief marketing officer owned 153,340 shares of the company’s stock, valued at approximately $1,249,721. The trade was a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Xu Chen also recently made the following trade(s):

• On Friday, September 4th, Xu Chen sold 400,000 shares of KANZHUN stock. The shares were sold at an average price of $8.50, for a total value of $3,400,000.00.

KANZHUN Stock Performance

Shares of KANZHUN stock traded up $0.01 on Friday, reaching $16.42. 5,861,349 shares of the company were exchanged, compared to its average volume of 4,351,882. The company’s 50-day moving average is $15.89 and its two-hundred day moving average is $14.65. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.72 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.57 and a 1-year high of $25.26.

KANZHUN (NASDAQ:BZ) last released 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%. As a group, sell-side analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current year.

KANZHUN Announces Dividend

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

Institutional Investors Weigh In On KANZHUN

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Zacks Research raised KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Bank of America initiated coverage on shares of KANZHUN in a research note on Tuesday, August 18th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.33.

About KANZHUN

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.