Key Points
- CEO Peng Jonathan Zhao sold 15.17 million KANZHUN shares at an average price of $7.25, generating approximately $110 million. He also sold smaller blocks earlier in September.
- KANZHUN reported quarterly revenue of $353.05 million and earnings of $0.33 per share, with a net margin of 53.16% and return on equity of 15.03%.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $19.33; institutional investors own about 60.67% of the company.
KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) CEO Peng Zhao sold 15,170,000 shares of the company's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $7.25, for a total transaction of $109,982,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Peng Jonathan Zhao also recently made the following trade(s):
- On Friday, September 11th, Peng Zhao sold 359,600 shares of KANZHUN stock. The shares were sold at an average price of $8.28, for a total transaction of $2,977,488.00.
- 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 Trading Down 2.4%
BZ stock opened at $14.44 on Tuesday. The firm's 50-day moving average is $16.07 and its two-hundred day moving average is $14.60. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.58 and a beta of 0.48. KANZHUN LIMITED Sponsored ADR has a 52 week low of $12.57 and a 52 week high of $24.73.
KANZHUN (NASDAQ:BZ - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $353.05 million during the quarter. On average, equities research analysts predict that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current year.
KANZHUN Announces Dividend
The company also recently announced an annual dividend, which will be paid on Wednesday, October 14th. Investors of record on Monday, September 28th will be paid 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 currently 10.56%.
Institutional Investors Weigh In On KANZHUN
Institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC lifted its holdings 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 purchasing an additional 1,670 shares during the last quarter. Nykredit A S acquired a new stake in shares of KANZHUN during the second quarter valued at approximately $2,461,000. OceanIQ Capital LLC purchased a new stake in shares of KANZHUN in the 2nd quarter valued at approximately $193,000. Raiffeisen Bank International AG lifted its position in shares of KANZHUN by 286.4% in the 2nd 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 in the last quarter. Finally, AXQ Capital LP acquired a new position in KANZHUN in the 2nd quarter worth approximately $378,000. 60.67% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BZ has been the topic of several research reports. Barclays boosted their price target 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. Weiss Ratings raised shares of KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Bank of America started coverage on shares of KANZHUN in a report on Tuesday, August 18th. They issued a "neutral" rating and a $19.00 target price on the stock. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $19.00 target price on shares of KANZHUN in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, KANZHUN currently has a consensus rating of "Hold" and a consensus price target of $19.33.
View Our Latest Report on BZ
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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