KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) Stock Has Average Price Target of $19.33 According to Analysts

KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $19.33.

Several brokerages have weighed in on BZ. Bank of America assumed coverage on KANZHUN in a report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price objective for the company. Weiss Ratings upgraded KANZHUN from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein reissued an “outperform” rating and set a $19.00 target price on shares of KANZHUN in a report on Wednesday, August 26th. Finally, Barclays increased their target price on KANZHUN from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th.

Insider Buying and Selling

In other KANZHUN news, CMO Xu Chen sold 200,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $8.15, for a total transaction of $1,630,000.00. Following the sale, the chief marketing officer directly owned 153,340 shares in the company, valued at $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 is available at the SEC website. Also, CEO Peng Zhao sold 15,170,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $7.25, for a total transaction of $109,982,500.00. The SEC filing for this sale provides additional information. Insiders sold 16,574,304 shares of company stock valued at $121,583,960 over the last quarter. 5.60% of the stock is owned by company insiders.

Institutional Trading of KANZHUN

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Perseverance Asset Management International lifted its holdings in shares of KANZHUN by 1,603.8% during the 1st quarter. Perseverance Asset Management International now owns 4,287,565 shares of the company’s stock worth $57,410,000 after acquiring an additional 4,035,923 shares during the period. Renaissance Technologies LLC boosted its position in shares of KANZHUN by 43.3% during the 1st quarter. Renaissance Technologies LLC now owns 5,698,667 shares of the company’s stock worth $76,305,000 after acquiring an additional 1,722,700 shares in the last quarter. Bank of America Corp DE increased its stake in KANZHUN by 38.5% in 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 acquiring an additional 1,690,275 shares during the last quarter. WCM Investment Management LLC increased its stake in KANZHUN by 374.7% in the first quarter. WCM Investment Management LLC now owns 1,529,841 shares of the company’s stock valued at $20,408,000 after acquiring an additional 1,207,553 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in KANZHUN by 35.3% in the first quarter. Assenagon Asset Management S.A. now owns 4,162,348 shares of the company’s stock valued at $55,734,000 after acquiring an additional 1,086,172 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.

KANZHUN Trading Up 2.3%

NASDAQ BZ opened at $16.74 on Friday. KANZHUN has a 1-year low of $12.57 and a 1-year high of $22.81. The company has a 50 day moving average of $15.86 and a 200-day moving average of $14.72. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.79 and a beta of 0.50.

KANZHUN (NASDAQ:BZ) last issued its quarterly 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%. On average, equities research analysts forecast that KANZHUN will post 1.00 earnings per share for the current year.

KANZHUN Dividend Announcement

The business also recently declared an annual dividend, which was paid on Wednesday, October 14th. Investors of record on Monday, September 28th were paid a $0.51 dividend. This represents a yield of 360.0%. The ex-dividend date of this dividend was Monday, September 28th. KANZHUN’s payout ratio is 35.92%.

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.