Peng Jonathan Zhao Sells 15,170,000 Shares of KANZHUN (NASDAQ:BZ) Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CEO Peng Zhao sold 15,170,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $7.25, for a total value of $109,982,500.00. The transaction was disclosed in a legal filing with the SEC, which is available 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 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 transaction of $3,141,120.00.

KANZHUN Stock Down 2.4%

NASDAQ BZ traded down $0.36 during trading hours on Monday, hitting $14.44. 11,012,698 shares of the stock were exchanged, compared to its average volume of 4,661,664. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a 12-month low of $12.57 and a 12-month high of $24.73. The stock has a 50-day moving average of $16.06 and a 200 day moving average of $14.61.

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

KANZHUN Dividend Announcement

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 paid a $0.51 dividend. The ex-dividend date is Monday, September 28th. This represents a dividend yield of 313.0%. KANZHUN’s payout ratio is 35.92%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BZ. Sanford C. Bernstein reissued an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a report on Wednesday, August 26th. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th. Bank of America assumed 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. Finally, Barclays raised their price objective 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, KANZHUN presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Hedge Funds Weigh In On KANZHUN

Hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in KANZHUN by 5,732.4% during the first 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. Larson Financial Group LLC grew 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 purchasing an additional 815 shares during the last quarter. Leonteq Securities AG acquired a new stake in KANZHUN in the fourth quarter valued at $41,000. Evergreen Quality Fund GP Ltd. purchased a new position in shares of KANZHUN in the fourth quarter valued at $59,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of KANZHUN during the 4th quarter worth $67,000. 60.67% of the stock is owned by hedge funds and other 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.