Insider Selling: KANZHUN (NASDAQ:BZ) CEO Sells 15,170,000 Shares of Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 15,170,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were 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 Securities & Exchange Commission, which can be accessed through this link.

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 shares were sold at an average price of $8.18, for a total value of $3,141,120.00.

KANZHUN Stock Performance

Shares of BZ traded down $0.36 during mid-day trading on Monday, hitting $14.44. 11,012,698 shares of the company’s stock were exchanged, compared to its average volume of 4,661,664. The stock’s 50-day moving average is $16.06 and its 200-day moving average is $14.61. KANZHUN LIMITED Sponsored ADR has a fifty-two week low of $12.57 and a fifty-two week high of $24.73. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.58 and a beta of 0.48.

KANZHUN (NASDAQ:BZ) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. The firm had revenue of $353.05 million during the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. As a group, equities research analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current year.

KANZHUN Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a dividend yield of 313.0%. KANZHUN’s dividend payout ratio is currently 35.92%.

Institutional Investors Weigh In On KANZHUN

Several institutional investors have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in KANZHUN by 93.1% in the fourth quarter. Larson Financial Group LLC now owns 1,690 shares of the company’s stock valued at $34,000 after buying an additional 815 shares during the last quarter. Leonteq Securities AG purchased a new stake in KANZHUN during the 4th quarter worth about $41,000. Parallel Advisors LLC boosted its position in shares of 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 acquiring an additional 2,121 shares in the last quarter. Evergreen Quality Fund GP Ltd. acquired a new position in shares of KANZHUN during the 4th quarter worth about $59,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of KANZHUN in the 4th quarter valued at about $67,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BZ. Barclays lifted their target price on KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, August 27th. Weiss Ratings raised KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Bank of America began coverage on KANZHUN in a research note on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price objective for the company. 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, KANZHUN presently 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.