Key Points
- CEO Peng Jonathan Zhao sold 359,600 KANZHUN shares at an average $8.28, totaling about $2.98 million, reducing his holdings by 11.3% to 2.82 million shares. He also sold 384,000 shares the previous day.
- KANZHUN reported quarterly earnings of $0.33 per share on revenue of $353.05 million, with a 53.16% net margin, and announced a $0.51 annual dividend.
- Analysts maintain a “Moderate Buy” consensus with an average $19.33 price target, while institutional investors own approximately 60.67% of the company.
KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) CEO Peng Zhao sold 359,600 shares of KANZHUN stock in a transaction on Friday, September 11th. The shares were sold at an average price of $8.28, for a total transaction of $2,977,488.00. Following the completion of the transaction, the chief executive officer owned 2,824,080 shares in the company, valued at approximately $23,383,382.40. This trade represents a 11.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Peng Jonathan Zhao also recently made the following trade(s):
- 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 6.0%
BZ stock opened at $15.45 on Tuesday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 1.75 and a beta of 0.48. The business has a fifty day simple moving average of $16.00 and a 200-day simple moving average of $14.64. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.57 and a 52 week high of $25.26.
KANZHUN (NASDAQ:BZ - Get Free Report) last issued its earnings results 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 firm had revenue of $353.05 million for the quarter. As a group, analysts expect 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. Stockholders of record on Monday, September 28th will be issued a $0.51 dividend. This represents a dividend yield of 313.0%. The ex-dividend date is Monday, September 28th. KANZHUN's dividend payout ratio (DPR) is 10.56%.
Institutional Investors Weigh In On KANZHUN
A number of large investors have recently modified their holdings of BZ. WCM Investment Management LLC lifted its position in KANZHUN by 374.7% during the 1st quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company's stock worth $20,408,000 after acquiring an additional 1,207,553 shares in the last quarter. Capital Today Evergreen Fund L.P. purchased a new stake in shares of KANZHUN during the second quarter valued at approximately $923,641. Bank of America Corp DE lifted its position in shares of KANZHUN by 38.5% during the first quarter. Bank of America Corp DE now owns 6,083,025 shares of the company's stock worth $81,452,000 after purchasing an additional 1,690,275 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of KANZHUN by 45.8% in the first quarter. Lazard Asset Management LLC now owns 2,001,349 shares of the company's stock valued at $26,798,000 after purchasing an additional 628,993 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in KANZHUN by 43.3% during the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company's stock valued at $76,305,000 after purchasing an additional 1,722,700 shares in the last quarter. Institutional investors and hedge funds own 60.67% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on BZ shares. Weiss Ratings upgraded KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Sanford C. Bernstein restated an "outperform" rating and issued a $19.00 price target on shares of KANZHUN in a report on Wednesday, August 26th. Bank of America started coverage on shares of KANZHUN in a research report on Tuesday, August 18th. They set a "neutral" rating and a $19.00 price target on the stock. Barclays increased their price objective on shares of KANZHUN from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Finally, Zacks Research raised shares of KANZHUN from a "strong sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, KANZHUN currently has an average rating of "Moderate Buy" and an average target price of $19.33.
View Our Latest Report on BZ
KANZHUN Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
