Key Points
- Xu Chen sold 200,000 KANZHUN shares at an average price of $8.15, generating $1.63 million and reducing the CMO’s direct stake by 56.6% to 153,340 shares. The sale followed a separate 400,000-share disposal on September 4.
- KANZHUN reported quarterly earnings of $0.33 per share on revenue of $353.05 million, with a 53.16% net margin. The company also announced a $0.51 annual dividend, although the stated 313% yield appears inconsistent with the stock price data.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $19.33; institutional investors own 60.67% of the stock.
KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) CMO Xu Chen sold 200,000 shares of the company'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 transaction, the chief marketing officer directly owned 153,340 shares in the company, valued at approximately $1,249,721. This represents a 56.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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 Trading Up 0.2%
NASDAQ BZ opened at $16.44 on Friday. The stock has a market cap of $6.74 billion, a PE ratio of 11.58, a PEG ratio of 1.75 and a beta of 0.48. The company's 50-day moving average price is $15.96 and its 200-day moving average price 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 - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. The firm 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, sell-side analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current year.
KANZHUN Dividend Announcement
The firm also recently announced an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, September 28th. This represents a yield of 313.0%. KANZHUN's dividend payout ratio (DPR) is 10.56%.
Institutional Trading of KANZHUN
Hedge funds have recently modified their holdings of the company. Tidal Investments LLC lifted its position in shares of KANZHUN by 2.8% during the second quarter. Tidal Investments LLC now owns 60,464 shares of the company's stock valued at $778,000 after buying an additional 1,670 shares during the last quarter. Nykredit A S purchased a new position in shares of KANZHUN in the 2nd quarter worth approximately $2,461,000. California State Teachers Retirement System grew its position in shares of KANZHUN by 1,186.8% in 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 during the last quarter. OceanIQ Capital LLC bought a new position in shares of KANZHUN during the 2nd quarter worth approximately $193,000. Finally, Raiffeisen Bank International AG raised its stake in shares of KANZHUN by 286.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company's stock worth $441,000 after acquiring an additional 25,200 shares in the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of KANZHUN from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. 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 upped their target price on KANZHUN from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Thursday, August 27th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $19.00 target price on shares of KANZHUN in a research report on Wednesday, August 26th. Finally, Bank of America began coverage on KANZHUN in a report on Tuesday, August 18th. They issued a "neutral" rating and a $19.00 price target on the stock. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.
Check Out Our Latest Analysis on KANZHUN
About KANZHUN
(
Get Free Report)
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.
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