KANZHUN (NASDAQ:BZ) Director Sells 60,704 Shares

Key Points

• Director Yang Mu sold 60,704 KANZHUN shares at an average price of $7.46, for proceeds of approximately $452,852. The sale reduced the director’s direct holdings by 29.75% and was made to cover tax withholding on vested equity awards.
• KANZHUN reported quarterly EPS of $0.33 on revenue of $353.05 million, with a 53.16% net margin. The stock recently traded at $14.79, below its 52-week high of $24.73.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $19.33. Institutional investors own approximately 60.67% of the company.

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) Director Yang Mu sold 60,704 shares of the business's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $7.46, for a total value of $452,851.84. Following the sale, the director directly owned 143,356 shares of the company's stock, valued at approximately $1,069,435.76. This trade represents a 29.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

KANZHUN Price Performance

NASDAQ BZ traded down $0.05 during mid-day trading on Friday, hitting $14.79. The company's stock had a trading volume of 6,227,239 shares, compared to its average volume of 4,625,445. The firm has a market capitalization of $6.07 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 1.60 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. The stock's fifty day simple moving average is $16.04 and its two-hundred day simple moving average is $14.62.

KANZHUN (NASDAQ:BZ - Get Free Report) last released its quarterly earnings data on Friday, August 14th. The company reported $0.33 earnings per share (EPS) 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%. On average, equities 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 disclosed an annual dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Monday, September 28th will be paid a dividend of $0.51 per share. This represents a dividend yield of 313.0%. The ex-dividend date is Monday, September 28th. KANZHUN's payout ratio is currently 35.92%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BZ shares. Bank of America assumed coverage on KANZHUN in a report on Tuesday, August 18th. They set a "neutral" rating and a $19.00 target price on the stock. Weiss Ratings upgraded KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Barclays increased their price objective on shares of KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Thursday, August 27th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $19.00 target price on shares of KANZHUN in a research report on Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

Institutional Investors Weigh In On KANZHUN

A number of institutional investors have recently modified their holdings of BZ. Capital International Investors grew its stake in shares of KANZHUN by 22.2% in the 4th quarter. Capital International Investors now owns 9,845,468 shares of the company's stock worth $200,651,000 after purchasing an additional 1,786,308 shares during the last quarter. Thornburg Investment Management Inc. lifted its stake in KANZHUN by 58.8% during the fourth quarter. Thornburg Investment Management Inc. now owns 6,117,010 shares of the company's stock valued at $124,665,000 after purchasing an additional 2,265,441 shares during the last quarter. Bank of America Corp DE lifted its stake in KANZHUN by 38.5% during the first quarter. Bank of America Corp DE now owns 6,083,025 shares of the company's stock valued at $81,452,000 after purchasing an additional 1,690,275 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in KANZHUN by 43.3% during the first quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company's stock worth $76,305,000 after buying an additional 1,722,700 shares in the last quarter. Finally, Norges Bank acquired a new position in KANZHUN in the fourth quarter worth approximately $105,095,000. Institutional investors and hedge funds own 60.67% of the company's stock.

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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