Virtu Financial LLC Invests $609,000 in Baozun Inc (NASDAQ:BZUN)

Share on StockTwits

Virtu Financial LLC acquired a new stake in shares of Baozun Inc (NASDAQ:BZUN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,266 shares of the technology company’s stock, valued at approximately $609,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Baozun by 4.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,994 shares of the technology company’s stock valued at $299,000 after acquiring an additional 235 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Baozun by 17.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,700 shares of the technology company’s stock worth $73,000 after purchasing an additional 250 shares during the period. Fisher Asset Management LLC grew its position in Baozun by 0.4% during the 2nd quarter. Fisher Asset Management LLC now owns 72,022 shares of the technology company’s stock worth $3,591,000 after purchasing an additional 270 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Baozun by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,938 shares of the technology company’s stock worth $395,000 after purchasing an additional 389 shares during the last quarter. Finally, Creative Planning grew its position in Baozun by 5.8% during the 3rd quarter. Creative Planning now owns 7,801 shares of the technology company’s stock worth $333,000 after purchasing an additional 428 shares during the last quarter. 68.33% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ BZUN opened at $37.97 on Monday. The business’s 50-day moving average price is $42.14 and its 200 day moving average price is $44.79. Baozun Inc has a twelve month low of $27.81 and a twelve month high of $56.47. The company has a market capitalization of $2.36 billion, a PE ratio of 57.53 and a beta of 3.11. The company has a current ratio of 3.02, a quick ratio of 2.52 and a debt-to-equity ratio of 0.91.

A number of equities research analysts have recently commented on the stock. Bank of America reduced their target price on shares of Baozun from $53.00 to $49.00 and set a “buy” rating for the company in a report on Monday, August 26th. BidaskClub downgraded Baozun from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Zacks Investment Research cut Baozun from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th. Jefferies Financial Group started coverage on Baozun in a research note on Monday, August 5th. They issued a “buy” rating and a $59.20 target price on the stock. Finally, Credit Suisse Group lowered Baozun from an “outperform” rating to a “neutral” rating and set a $38.00 target price on the stock. in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $51.53.

Baozun Company Profile

Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing, and order fulfillment.

Read More: How do investors use RSI to grade stocks?

Want to see what other hedge funds are holding BZUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baozun Inc (NASDAQ:BZUN).

Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.