KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts rate KANZHUN “Hold” overall: Three of five analysts recommend holding the stock, while two recommend buying it. The average 12-month price target is $19.33.
• Insider selling was substantial: Company insiders sold 16.6 million shares worth approximately $121.6 million over the past 90 days, while insiders retain a 5.6% ownership stake.
• The stock was trading at $16.74: KANZHUN reported quarterly revenue of $353.05 million and earnings of $0.33 per share, and institutional investors own 60.67% of the company.

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) has earned an average recommendation of "Hold" from the five analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $19.33.

Several brokerages recently commented on BZ. Bank of America assumed coverage on shares of KANZHUN in a report on Tuesday, August 18th. They set a "neutral" rating and a $19.00 target price for the company. Barclays increased their price target on shares of KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Sanford C. Bernstein restated an "outperform" rating and set a $19.00 price objective on shares of KANZHUN in a research 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.

Insider Buying and Selling

In related news, CMO Xu Chen sold 200,000 shares of KANZHUN stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $8.15, for a total transaction of $1,630,000.00. Following the completion of the sale, the chief marketing officer directly owned 153,340 shares of the company's stock, valued at approximately $1,249,721. This trade represents a 56.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Yang Mu sold 60,704 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $7.46, for a total value of $452,851.84. Following the completion of the sale, 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 16,574,304 shares of company stock valued at $121,583,960. Insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On KANZHUN

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of KANZHUN by 5,732.4% in the first quarter. Parallel Advisors LLC now owns 2,158 shares of the company's stock valued at $29,000 after acquiring an additional 2,121 shares during the period. OceanIQ Capital LLC bought a new position in KANZHUN during the second quarter worth about $193,000. Rakuten Investment Management Inc. bought a new position in KANZHUN during the second quarter worth about $251,000. AXQ Capital LP bought a new position in KANZHUN during the second quarter worth about $378,000. Finally, Raiffeisen Bank International AG increased its position in KANZHUN by 286.4% during the second 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 during the period. Institutional investors and hedge funds own 60.67% of the company's stock.

KANZHUN Price Performance

BZ stock opened at $16.74 on Friday. KANZHUN has a one year low of $12.57 and a one year high of $22.81. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.79 and a beta of 0.50. The company has a fifty day moving average price of $15.86 and a two-hundred day moving average price of $14.72.

KANZHUN (NASDAQ:BZ - Get Free Report) last issued 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 for the quarter. KANZHUN had a net margin of 53.16% and a return on equity of 15.03%. Research analysts anticipate that KANZHUN will post 1.00 EPS for the current fiscal year.

KANZHUN Announces Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, September 28th. This represents a dividend yield of 360.0%. KANZHUN's dividend payout ratio (DPR) is 35.92%.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform in China that connects job seekers with employers. The platform supports recruitment across a range of industries and company sizes, helping users discover employment opportunities and allowing businesses to identify and communicate with potential candidates.

BOSS Zhipin is designed around direct communication between job seekers and recruiters, with mobile and online tools for searching positions, reviewing candidate or employer information, initiating conversations, and managing recruitment activities.

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