KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Receives Average Recommendation of “Hold” from Brokerages

Shares of KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ – Get Free Report) have received a consensus rating of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $19.33.

BZ has been the subject of a number of recent analyst reports. Weiss Ratings raised shares of KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Bank of America initiated coverage on shares of KANZHUN in a research report on Tuesday, August 18th. They set a “neutral” rating and a $19.00 target price on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $19.00 target price on shares of KANZHUN in a report on Wednesday, August 26th. Finally, Barclays lifted their price target on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th.

View Our Latest Analysis on BZ

Insider Buying and Selling at KANZHUN

In other news, CMO Xu Chen sold 400,000 shares of the 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 completion of the transaction, the chief marketing officer directly owned 153,340 shares of the company’s stock, valued at $1,303,390. This represents a 72.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $109,982,500.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,574,304 shares of company stock worth $121,583,960 over the last three months.

Institutional Investors Weigh In On KANZHUN

Several institutional investors have recently added to or reduced their stakes in the business. Capital International Investors increased its stake in shares of KANZHUN by 22.2% in the fourth 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 in the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of KANZHUN by 58.8% during the 4th quarter. Thornburg Investment Management Inc. now owns 6,117,010 shares of the company’s stock valued at $124,665,000 after buying an additional 2,265,441 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of KANZHUN by 38.5% during the 1st quarter. Bank of America Corp DE now owns 6,083,025 shares of the company’s stock valued at $81,452,000 after buying an additional 1,690,275 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in KANZHUN by 43.3% in the 1st 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 during the period. Finally, Norges Bank bought a new position in KANZHUN in the 4th quarter worth approximately $105,095,000. 60.67% of the stock is owned by hedge funds and other institutional investors.

KANZHUN Price Performance

BZ opened at $14.17 on Wednesday. KANZHUN has a 1 year low of $12.57 and a 1 year high of $24.65. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 1.51 and a beta of 0.48. The firm’s fifty day moving average price is $15.97 and its two-hundred day moving average price is $14.56.

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, equities analysts anticipate that KANZHUN will post 1 EPS for the current year.

KANZHUN Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Monday, September 28th will be paid a dividend of $0.51 per share. This represents a dividend yield of 360.0%. The ex-dividend date is Monday, September 28th. KANZHUN’s payout ratio is presently 35.92%.

About KANZHUN

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for KANZHUN (NASDAQ:BZ)

Receive News & Ratings for KANZHUN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KANZHUN and related companies with MarketBeat.com's FREE daily email newsletter.