KANZHUN (NASDAQ:BZ) Given New $17.00 Price Target at Barclays

KANZHUN (NASDAQ:BZ) had its price objective decreased by Barclays from $20.00 to $17.00 in a research report report published on Friday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms also recently commented on BZ. 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. Weiss Ratings restated a “hold (c)” rating on shares of KANZHUN in a report on Tuesday, November 3rd. Finally, Bank of America assumed coverage on KANZHUN in a research report on Tuesday, August 18th. They issued a “neutral” rating and a $19.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.33.

KANZHUN Trading Up 3.8%

Shares of BZ stock opened at $12.96 on Friday. KANZHUN has a 1-year low of $12.12 and a 1-year high of $22.49. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 1.33 and a beta of 0.50. The stock’s fifty day simple moving average is $15.76 and its 200-day simple moving average is $15.19.

KANZHUN (NASDAQ:BZ) last issued its earnings results on Friday, August 14th. The company reported $0.33 earnings per share for the quarter. KANZHUN had a return on equity of 15.03% and a net margin of 53.16%. The company had revenue of $353.05 million for the quarter. On average, sell-side analysts predict that KANZHUN will post 1.00 EPS for the current year.

KANZHUN Dividend Announcement

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

Insider Activity

In other news, CEO Peng Zhao sold 15,170,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $7.25, for a total value of $109,982,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yang Mu sold 60,704 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $7.46, for a total transaction of $452,851.84. Following the sale, the director directly owned 143,356 shares in the company, valued at $1,069,435.76. This represents a 29.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 16,574,304 shares of company stock worth $121,583,960. Corporate insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On KANZHUN

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP grew its holdings in KANZHUN by 797.0% during the 3rd quarter. Marshall Wace LLP now owns 1,265,331 shares of the company’s stock worth $18,727,000 after acquiring an additional 1,124,271 shares during the period. Perseverance Asset Management International raised its position in shares of KANZHUN by 19.1% during the 3rd quarter. Perseverance Asset Management International now owns 14,048,661 shares of the company’s stock valued at $207,920,000 after acquiring an additional 2,250,415 shares during the last quarter. Ieq Capital LLC lifted its stake in shares of KANZHUN by 158.9% in the 3rd quarter. Ieq Capital LLC now owns 62,082 shares of the company’s stock valued at $919,000 after purchasing an additional 38,100 shares during the period. Global Retirement Partners LLC lifted its stake in shares of KANZHUN by 158.9% in the 3rd quarter. Global Retirement Partners LLC now owns 3,441 shares of the company’s stock valued at $51,000 after purchasing an additional 2,112 shares during the period. Finally, Fourier Capital Management Ltd lifted its stake in shares of KANZHUN by 21.1% in the 3rd quarter. Fourier Capital Management Ltd now owns 1,079,820 shares of the company’s stock valued at $15,981,000 after purchasing an additional 188,378 shares during the period. Institutional investors own 60.67% of the company’s stock.

About KANZHUN

KANZHUN Limited operates BOSS Zhipin, an online recruitment platform that connects job seekers with employers in China. Its services are designed to help candidates find employment opportunities and enable businesses to recruit talent. The platform emphasizes direct communication between job seekers and recruiters, alongside tools for discovering and matching candidates with available positions. KANZHUN provides recruitment services through its mobile and online platforms. BOSS Zhipin was launched in 2014.