Nykredit A S Buys New Position in KANZHUN LIMITED Sponsored ADR $BZ

Key Points

• Nykredit A/S acquired 191,241 KANZHUN shares in the second quarter, worth approximately $2.46 million. Institutional investors now own 60.67% of the company.
• Analysts maintain a generally cautious outlook: KANZHUN has an average “Hold” rating and a consensus price target of $19.33, although Barclays raised its target to $20 and Bernstein reaffirmed an “Outperform” rating.
• Insiders sold substantial amounts of stock, including CEO Peng Zhao’s sale of 15.17 million shares for nearly $110 million. KANZHUN also announced a $0.51 annual dividend, while shares recently traded at $14.82.

Nykredit A S bought a new stake in shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 191,241 shares of the company's stock, valued at approximately $2,461,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OceanIQ Capital LLC bought a new position in shares of KANZHUN in the second quarter valued at approximately $193,000. Raiffeisen Bank International AG raised its holdings 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 purchasing an additional 25,200 shares in the last quarter. AXQ Capital LP bought a new stake in KANZHUN during the second quarter worth approximately $378,000. B. Metzler seel. Sohn & Co. AG lifted its position in KANZHUN by 3.1% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 220,853 shares of the company's stock worth $2,842,000 after purchasing an additional 6,599 shares during the period. Finally, Headlands Technologies LLC lifted its position in KANZHUN by 238.5% in the second quarter. Headlands Technologies LLC now owns 119,462 shares of the company's stock worth $1,537,000 after purchasing an additional 84,171 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BZ. Barclays raised their target price on KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Weiss Ratings raised shares of KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Sanford C. Bernstein restated an "outperform" rating and set a $19.00 price target on shares of KANZHUN in a report on Wednesday, August 26th. Finally, Bank of America began coverage on shares of KANZHUN in a research report on Tuesday, August 18th. They issued a "neutral" rating and a $19.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, KANZHUN has an average rating of "Hold" and a consensus price target of $19.33.

Insiders Place Their Bets

In other news, 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 transaction of $452,851.84. Following the transaction, the director directly owned 143,356 shares in the company, valued at $1,069,435.76. The trade was a 29.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Peng Zhao sold 15,170,000 shares of the business's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $7.25, for a total transaction of $109,982,500.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,574,304 shares of company stock worth $121,583,960 in the last quarter.

KANZHUN Trading Up 2.6%

Shares of NASDAQ BZ opened at $14.82 on Wednesday. KANZHUN LIMITED Sponsored ADR has a one year low of $12.57 and a one year high of $24.65. The business has a 50-day moving average price of $16.08 and a two-hundred day moving average price of $14.59. The firm has a market capitalization of $6.09 billion, a PE ratio of 10.44, a PEG ratio of 1.54 and a beta of 0.48.

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. The company had revenue of $353.05 million for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. Research analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1 EPS for the current year.

KANZHUN Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be paid a $0.51 dividend. This represents a yield of 313.0%. The ex-dividend date is Monday, September 28th. KANZHUN's dividend payout ratio is currently 10.56%.

About KANZHUN

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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