KANZHUN Sees Unusually High Options Volume (NASDAQ:BZ)

Key Points

• Unusual options activity: Traders purchased 4,512 KANZHUN call options, roughly 1,836% above the average volume of 233 calls.
• Insider selling increased: Executives and directors sold 16.6 million shares worth approximately $121.6 million over the past 90 days, including a $110 million sale by CEO Peng Zhao.
• Mixed market outlook: KANZHUN shares closed at $14.79, while analysts maintained a consensus “Hold” rating with an average price target of $19.33; institutional investors own 60.67% of the stock.

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders acquired 4,512 call options on the company. This represents an increase of approximately 1,836% compared to the average volume of 233 call options.

Insider Activity at KANZHUN

In other KANZHUN news, CEO Peng Zhao sold 15,170,000 shares of the 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Yang Mu sold 60,704 shares of the firm'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 transaction, the director owned 143,356 shares in the company, valued at approximately $1,069,435.76. This trade represents a 29.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 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

A number of institutional investors have recently bought and sold shares of BZ. Parallel Advisors LLC raised its stake 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 in the last quarter. Evergreen Quality Fund GP Ltd. bought a new stake in KANZHUN in the fourth quarter valued at about $59,000. Global Retirement Partners LLC increased its stake in KANZHUN by 24.0% in the fourth quarter. Global Retirement Partners LLC now owns 6,810 shares of the company's stock valued at $139,000 after acquiring an additional 1,318 shares during the period. OceanIQ Capital LLC acquired a new position in KANZHUN in the second quarter worth about $193,000. Finally, Rakuten Investment Management Inc. acquired a new position in KANZHUN in the second quarter worth about $251,000. Institutional investors and hedge funds own 60.67% of the company's stock.

KANZHUN Stock Down 0.1%

KANZHUN stock traded down $0.01 during mid-day trading on Thursday, reaching $14.79. The company had a trading volume of 1,084,909 shares, compared to its average volume of 4,710,686. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.51 and a beta of 0.48. The company has a 50 day moving average of $15.96 and a 200-day moving average of $14.57. KANZHUN has a 52 week low of $12.57 and a 52 week high of $24.65.

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. 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%. On average, analysts predict that KANZHUN will post 1 earnings per share for the current fiscal year.

KANZHUN Dividend Announcement

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

Wall Street Analysts Forecast Growth

BZ has been the topic of several analyst reports. Bank of America began coverage on KANZHUN in a report on Tuesday, August 18th. They set a "neutral" rating and a $19.00 price target on the stock. Weiss Ratings raised 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 target price on shares of KANZHUN in a research note on Wednesday, August 26th. Finally, Barclays raised their target price on KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Two 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, the company has a consensus rating of "Hold" and an average 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 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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