Insider Selling: KANZHUN (NASDAQ:BZ) CMO Sells 200,000 Shares

Key Points

• CMO Xu Chen sold 200,000 KANZHUN shares at an average price of $8.15, generating $1.63 million; the sale reduced his ownership by 56.6% to 153,340 shares. He had also sold 400,000 shares earlier at $8.50 each.
• KANZHUN reported quarterly EPS of $0.33 on revenue of $353.05 million, with a 53.16% net margin. The company declared a $0.51 annual dividend, and institutional investors own 60.67% of its stock.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $19.33; recent targets include $20 from Barclays and $19 from Sanford C. Bernstein and Bank of America.

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) CMO Xu Chen sold 200,000 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $8.15, for a total value of $1,630,000.00. Following the completion of the sale, the chief marketing officer owned 153,340 shares of the company's stock, valued at approximately $1,249,721. This represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Xu Chen also recently made the following trade(s):

• On Friday, September 4th, Xu Chen sold 400,000 shares of KANZHUN stock. The stock was sold at an average price of $8.50, for a total value of $3,400,000.00.

KANZHUN Trading Up 0.1%

Shares of BZ traded up $0.01 during midday trading on Friday, reaching $16.42. 5,861,349 shares of the company were exchanged, compared to its average volume of 4,351,882. KANZHUN LIMITED Sponsored ADR has a 1-year low of $12.57 and a 1-year high of $25.26. The stock has a 50-day moving average price of $15.89 and a 200-day moving average price of $14.65. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.72 and a beta of 0.48.

KANZHUN (NASDAQ:BZ - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $353.05 million during the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. Equities research analysts anticipate that KANZHUN LIMITED Sponsored ADR will post 1 earnings per share for the current year.

KANZHUN Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be issued 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%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BZ. Kestra Advisory Services LLC acquired a new position in KANZHUN in the fourth quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of KANZHUN in the 1st quarter worth about $27,000. Larson Financial Group LLC lifted its position in shares of KANZHUN by 93.1% in the 4th quarter. Larson Financial Group LLC now owns 1,690 shares of the company's stock worth $34,000 after buying an additional 815 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of KANZHUN in the 4th quarter valued at about $41,000. Finally, Parallel Advisors LLC boosted its holdings in shares of KANZHUN by 5,732.4% in the 1st quarter. Parallel Advisors LLC now owns 2,158 shares of the company's stock valued at $29,000 after buying an additional 2,121 shares during the period. 60.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BZ. Sanford C. Bernstein reiterated an "outperform" rating and set a $19.00 price objective on shares of KANZHUN in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, August 5th. Zacks Research raised shares of KANZHUN from a "strong sell" rating to a "hold" rating in a report on Wednesday, May 20th. Barclays raised 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. Finally, Bank of America initiated coverage on shares of KANZHUN in a research note on Tuesday, August 18th. They set a "neutral" rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, KANZHUN presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

KANZHUN Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.