Key Points
- Director Yang Mu sold 60,704 KANZHUN shares at an average price of $7.46, generating $452,851.84. The sale reduced the director’s holdings by 29.75% and was made to cover tax withholding related to vested equity awards.
- KANZHUN reported quarterly earnings of $0.33 per share on revenue of $353.05 million, with a 53.16% net margin. Institutional investors and hedge funds own 60.67% of the company.
- Analysts maintain a generally positive view, giving the stock a “Moderate Buy” consensus rating and an average price target of $19.33, compared with a reported opening price of $14.79.
KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) Director Yang Mu sold 60,704 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $7.46, for a total transaction of $452,851.84. Following the completion of the transaction, the director owned 143,356 shares of the company's stock, valued at $1,069,435.76. This trade represents a 29.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
KANZHUN Stock Performance
Shares of BZ opened at $14.79 on Friday. The company has a market capitalization of $6.07 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.58 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a one year low of $12.57 and a one year high of $24.73. The stock has a 50-day moving average price of $16.06 and a 200 day moving average price of $14.62.
KANZHUN (NASDAQ:BZ - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share 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 research analysts forecast that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current fiscal year.
KANZHUN Dividend Announcement
The business also recently declared an annual dividend, which will be paid on Wednesday, October 14th. Stockholders 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 dividend yield of 313.0%. KANZHUN's dividend payout ratio (DPR) is presently 10.56%.
Hedge Funds Weigh In On KANZHUN
Several hedge funds and other institutional investors have recently modified their holdings of the company. Tidal Investments LLC increased its holdings in shares of KANZHUN by 2.8% in the 2nd quarter. Tidal Investments LLC now owns 60,464 shares of the company's stock worth $778,000 after acquiring an additional 1,670 shares during the period. Nykredit A S acquired a new position in KANZHUN during the 2nd quarter valued at about $2,461,000. OceanIQ Capital LLC bought a new position in KANZHUN in the 2nd quarter worth about $193,000. Raiffeisen Bank International AG grew its position in KANZHUN by 286.4% in the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company's stock worth $441,000 after purchasing an additional 25,200 shares during the last quarter. Finally, AXQ Capital LP acquired a new stake in shares of KANZHUN in the second quarter valued at approximately $378,000. Institutional investors and hedge funds own 60.67% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on BZ shares. Bank of America began coverage on KANZHUN in a report on Tuesday, August 18th. They issued a "neutral" rating and a $19.00 price objective for the company. Barclays lifted their target price on KANZHUN from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Thursday, August 27th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $19.00 price target on shares of KANZHUN in a report on Wednesday, August 26th. Finally, Weiss Ratings raised KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $19.33.
View Our Latest Stock Analysis on KANZHUN
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.
Recommended Stories
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].
