Xu Chen Sells 200,000 Shares of KANZHUN (NASDAQ:BZ) Stock

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) CMO Xu Chen sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $8.15, for a total value of $1,630,000.00. Following the completion of the transaction, the chief marketing officer directly owned 153,340 shares of the company’s stock, valued at $1,249,721. The trade was 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.

Xu Chen also recently made the following trade(s):

• On Friday, September 4th, Xu Chen sold 400,000 shares of KANZHUN stock. The stock was sold at an average price of $8.50, for a total value of $3,400,000.00.

KANZHUN Price Performance

Shares of NASDAQ BZ opened at $16.44 on Friday. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.75 and a beta of 0.48. The firm’s 50 day simple moving average is $15.96 and its 200-day simple moving average is $14.66. KANZHUN LIMITED Sponsored ADR has a 12 month low of $12.57 and a 12 month high of $25.26.

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

KANZHUN Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, October 14th. Shareholders 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 payout ratio is presently 10.56%.

Institutional Trading of KANZHUN

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC raised its position in shares of KANZHUN by 2.8% during the 2nd quarter. Tidal Investments LLC now owns 60,464 shares of the company’s stock worth $778,000 after purchasing an additional 1,670 shares during the last quarter. Nykredit A S acquired a new stake in KANZHUN in the 2nd quarter worth about $2,461,000. California State Teachers Retirement System increased its stake in KANZHUN by 1,186.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,935,158 shares of the company’s stock worth $37,775,000 after buying an additional 2,707,067 shares in the last quarter. OceanIQ Capital LLC purchased a new stake in KANZHUN during the 2nd quarter worth approximately $193,000. Finally, Raiffeisen Bank International AG raised its holdings in shares of KANZHUN by 286.4% during the second quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company’s stock valued at $441,000 after acquiring an additional 25,200 shares during the last quarter. Hedge funds and other institutional investors own 60.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BZ. Bank of America initiated coverage on KANZHUN in a research note on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price target for the company. Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein reissued an “outperform” rating and issued a $19.00 price objective on shares of KANZHUN in a report on Wednesday, August 26th. Zacks Research upgraded KANZHUN from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Barclays upped their target price on KANZHUN from $19.00 to $20.00 and gave the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat, KANZHUN has a consensus rating of “Moderate Buy” and an average price target 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.