KANZHUN (NASDAQ:BZ) Sees Unusually-High Trading Volume – Time to Buy?

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) saw strong trading volume on Monday . Approximately 22,486,114 shares were traded during mid-day trading, an increase of 405% from the previous session’s volume of 4,448,430 shares.The stock last traded at $15.5010 and had previously closed at $16.44.

Analyst Ratings Changes

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

KANZHUN Trading Down 2.7%

The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 10.58, a price-to-earnings-growth ratio of 1.65 and a beta of 0.48. The stock’s 50 day moving average is $16.02 and its two-hundred day moving average is $14.64.

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

KANZHUN Dividend Announcement

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

Insider Buying and Selling at KANZHUN

In other KANZHUN news, CEO Peng Zhao sold 359,600 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $8.28, for a total value of $2,977,488.00. Following the completion of the sale, the chief executive officer owned 2,824,080 shares in the company, valued at $23,383,382.40. This trade represents a 11.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Xu Chen sold 200,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $8.15, for a total transaction of $1,630,000.00. Following the completion of the sale, the chief marketing officer owned 153,340 shares of the company’s stock, valued at $1,249,721. This trade represents a 56.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,343,600 shares of company stock worth $11,148,608 over the last quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors raised its stake in KANZHUN by 22.2% in the 4th quarter. Capital International Investors now owns 9,845,468 shares of the company’s stock valued at $200,651,000 after acquiring an additional 1,786,308 shares during the period. Thornburg Investment Management Inc. lifted its stake in shares of KANZHUN by 58.8% during the 4th quarter. Thornburg Investment Management Inc. now owns 6,117,010 shares of the company’s stock worth $124,665,000 after buying an additional 2,265,441 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of KANZHUN by 38.5% during 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 period. 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 bought a new position in KANZHUN in the 4th quarter valued at about $105,095,000. 60.67% of the stock is currently owned by institutional investors.

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.