# Kanzhun Limited (BZ)

> Source: Nexqual · https://nexqual.com/BZ · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Kanzhun Limited (BZ), nexqual.com/BZ" · informational, not investment advice.

**Price:** USD 16.41 (+0.92% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 16.26 · day 15.94–16.48 · 52w 12.57–22.81 · market cap $7.18B · NMS

## Key facts
- Insider open-market sales, last ~7 months: 8 Form 4 filings, $122M; 8 not under a Rule 10b5-1 plan ($122M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.87 on a 1–5 scale) (23 analysts), mean target USD 21.85 (range 17.16–27.26).
- Total return with dividends: 1Y -23.2% vs S&P 500 +14.9%; 5Y -54.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-17, EPS estimate USD 2.26, revenue estimate $2.47B.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 8 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-21 | Zhao Peng Jonathan | Chief Executive Officer | 15,170,000 | $110M | 12% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-17 | Mu Yang | Director | 60,704 | $453K | 29.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-10…2026-09-11 | Zhao Peng Jonathan | Chief Executive Officer | 743,600 | $6.1M | 20.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-10 | Chen Xu | Chief Marketing Officer | 200,000 | $1.6M | 37.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-04 | Chen Xu | Chief Marketing Officer | 400,000 | $3.4M | 54.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-16 | Sun Yonggang | Director | 548 | $4K | 4.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-16 | Chen Xu | President | 84 | $1K | 0% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-16 | Wang Xiehua | Director | 71,288 | $486K | 11.2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 1.87 on a 1–5 scale), 23 analysts; mean target USD 21.85 (low 17.16, high 27.26).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-27 | Barclays | Target raised | Overweight | $19 → $20 |
| 2026-08-18 | B of A Securities | Initiated | Neutral | $74 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -23.2% | -54.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.3% | -14.5% |
| Volatility (annualized) | 39.5% | 65.3% |
| Max drawdown | -44.0% (Nov 2025→Jun 2026) | -72.6% (Dec 2021→Oct 2022) |

## Peers (Internet Content & Information)
ZG (Zillow Group, Inc.) USD 35.14 +8.42% · BILI (Bilibili Inc.) USD 13.47 -0.96% · MTCH (Match Group, Inc.) USD 45.92 -0.82% · SNAP (Snap Inc.) USD 6.35 +0.00% · JOYY (JOYY Inc.) USD 83.42 -1.35% · PINS (Pinterest, Inc.) USD 22.93 -0.09%

## More
Full page: https://nexqual.com/BZ · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BZ's own 20-F filed 2026-04-29 (https://www.sec.gov/Archives/edgar/data/1842827/000110465926050959/bz-20251231x20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Tencent | "We purchase cloud services, online payment platform clearing services and other services from companies under the control of Tencent Holdings Limited." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $2.26 | $2.14 | +5.8% | $2.47B | 8 |
| Next quarter (ends 2026-12-31) | $2.23 | $1.98 | +12.8% | $2.36B | 7 |
| Current fiscal year (ends 2026-12-31) | $8.59 | $8.73 | -1.6% | $9.29B | 14 |
| Next fiscal year (ends 2027-12-31) | $9.95 | $9.80 | +1.6% | $10.47B | 17 |