KANZHUN (NASDAQ:BZ) Sees Large Volume Increase - Still a Buy?

Key Points

• KANZHUN shares fell 5.3% to $15.50 as trading volume surged 405% to approximately 22.5 million shares.
• Analyst sentiment remains moderately positive, with three Buy and three Hold ratings, an average “Moderate Buy” consensus, and an average price target of $19.33.
• The company reported quarterly EPS of $0.33 on $353.05 million in revenue and recently announced a $0.51 annual dividend; meanwhile, its chief marketing officer sold 400,000 shares at an average price of $8.50.

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report) shares saw an uptick in trading volume on Monday . Approximately 22,486,114 shares changed hands during trading, an increase of 405% from the previous session's volume of 4,448,430 shares.The stock last traded at $15.5010 and had previously closed at $16.44.

Analyst Ratings Changes

A number of research firms have weighed in on BZ. Barclays raised their price objective on shares of KANZHUN from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. Weiss Ratings upgraded shares of KANZHUN from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $19.00 price target on shares of KANZHUN in a research report on Wednesday, August 26th. Zacks Research raised shares of KANZHUN from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 20th. Finally, Bank of America started coverage on KANZHUN in a research note on Tuesday, August 18th. They set a "neutral" rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $19.33.

KANZHUN Trading Down 5.3%

The stock has a market capitalization of $6.38 billion, a PE ratio of 10.98, a P/E/G ratio of 1.75 and a beta of 0.48. The stock's fifty day simple moving average is $15.96 and its 200-day simple moving average is $14.65.

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

KANZHUN Announces Dividend

The company 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. The ex-dividend date is Monday, September 28th. This represents a yield of 313.0%. KANZHUN's dividend payout ratio (DPR) is 10.56%.

Insider Activity at KANZHUN

In other KANZHUN news, CMO Xu Chen sold 400,000 shares of KANZHUN stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $8.50, for a total transaction of $3,400,000.00. Following the transaction, the chief marketing officer owned 153,340 shares of the company's stock, valued at $1,303,390. This trade represents a 72.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of KANZHUN

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC lifted its holdings in KANZHUN by 2.8% during the second quarter. Tidal Investments LLC now owns 60,464 shares of the company's stock worth $778,000 after acquiring an additional 1,670 shares during the period. Nykredit A S bought a new position in KANZHUN in the 2nd quarter valued at $2,461,000. California State Teachers Retirement System grew its stake in KANZHUN by 1,186.8% in the 2nd quarter. California State Teachers Retirement System now owns 2,935,158 shares of the company's stock valued at $37,775,000 after purchasing an additional 2,707,067 shares during the period. OceanIQ Capital LLC purchased a new stake in shares of KANZHUN during the 2nd quarter valued at $193,000. Finally, Raiffeisen Bank International AG increased its position in shares of KANZHUN by 286.4% during the 2nd quarter. Raiffeisen Bank International AG now owns 34,000 shares of the company's stock valued at $441,000 after purchasing an additional 25,200 shares during the last quarter. 60.67% of the stock is owned by hedge funds and other institutional investors.

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.

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