Insider Selling: KANZHUN (NASDAQ:BZ) CEO Sells $3,141,120.00 in Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 384,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $8.18, for a total transaction of $3,141,120.00. Following the completion of the transaction, the chief executive officer owned 3,183,680 shares of the company’s stock, valued at $26,042,502.40. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $8.28, for a total transaction of $2,977,488.00.

KANZHUN Price Performance

KANZHUN stock opened at $15.01 on Thursday. KANZHUN LIMITED Sponsored ADR has a 12-month low of $12.57 and a 12-month high of $25.16. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 1.60 and a beta of 0.48. The firm’s fifty day moving average price is $16.03 and its 200 day moving average price is $14.63.

KANZHUN (NASDAQ:BZ) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. The company 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%. Analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current fiscal year.

KANZHUN Announces Dividend

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

Institutional Investors Weigh In On KANZHUN

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BZ shares. Bank of America started coverage on KANZHUN in a report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 price objective on the stock. Barclays increased their target price on KANZHUN from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, August 27th. Zacks Research upgraded shares of KANZHUN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Sanford C. Bernstein restated an “outperform” rating and issued a $19.00 price target on shares of KANZHUN in a research note on Wednesday, August 26th. Finally, Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.33.

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.