KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Stock Has Average Target Price of $19.33 According to Analysts

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) have been assigned an average rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.33.

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KANZHUN in a research note on Tuesday, November 3rd. Barclays raised their target price 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. Bank of America initiated coverage on shares of KANZHUN in a report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $19.00 price target on shares of KANZHUN in a research report on Wednesday, August 26th.

Insider Buying and Selling at KANZHUN

In other news, CMO Xu Chen sold 200,000 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $8.15, for a total transaction of $1,630,000.00. Following the transaction, the chief marketing officer directly owned 153,340 shares of the company’s stock, valued at $1,249,721. This represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Yang Mu sold 60,704 shares of the business’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $7.46, for a total value of $452,851.84. Following the sale, the director owned 143,356 shares of the company’s stock, valued at approximately $1,069,435.76. This represents a 29.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 16,574,304 shares of company stock worth $121,583,960. Insiders own 5.60% of the company’s stock.

Institutional Trading of KANZHUN

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in shares of KANZHUN by 43.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 13,498,670 shares of the company’s stock valued at $199,780,000 after purchasing an additional 4,084,629 shares during the period. Perseverance Asset Management International boosted its holdings in KANZHUN by 1,603.8% in the 1st quarter. Perseverance Asset Management International now owns 4,287,565 shares of the company’s stock worth $57,410,000 after buying an additional 4,035,923 shares during the period. Renaissance Technologies LLC boosted its holdings in KANZHUN by 43.3% in 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. Bank of America Corp DE boosted its holdings in 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 period. Finally, WCM Investment Management LLC increased its stake in KANZHUN by 374.7% in the 1st quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock worth $20,408,000 after buying an additional 1,207,553 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

KANZHUN Price Performance

Shares of KANZHUN stock opened at $16.72 on Thursday. The firm has a market cap of $6.93 billion, a PE ratio of 11.77, a P/E/G ratio of 1.81 and a beta of 0.50. The stock has a fifty day moving average price of $15.93 and a 200-day moving average price of $15.25. KANZHUN has a 1 year low of $12.57 and a 1 year high of $22.49.

KANZHUN (NASDAQ:BZ) last released its quarterly earnings data on Friday, August 14th. The company reported $0.33 EPS 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%. As a group, equities analysts anticipate that KANZHUN will post 1.00 EPS for the current fiscal year.

KANZHUN Dividend Announcement

The company also recently announced an annual dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a yield of 360.0%. KANZHUN’s payout ratio is 35.92%.

KANZHUN Company Profile

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform that connects job seekers with employers in China. Its services are designed to help candidates find employment opportunities and enable businesses to recruit talent. The platform emphasizes direct communication between job seekers and recruiters, alongside tools for discovering and matching candidates with available positions. KANZHUN provides recruitment services through its mobile and online platforms. BOSS Zhipin was launched in 2014.