Baozun (NASDAQ:BZUN) Upgraded to Buy at StockNews.com

Baozun (NASDAQ:BZUN) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Citigroup upped their price target on Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Baozun Stock Performance

Shares of Baozun stock traded down $0.06 during trading hours on Friday, hitting $3.00. The company’s stock had a trading volume of 339,139 shares, compared to its average volume of 484,510. Baozun has a twelve month low of $2.11 and a twelve month high of $4.38. The firm has a fifty day moving average of $3.25 and a 200-day moving average of $3.03. The stock has a market cap of $184.69 million, a price-to-earnings ratio of -5.56 and a beta of 0.39.

Institutional Investors Weigh In On Baozun

Institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group increased its holdings in Baozun by 16.5% during the 4th quarter. Schroder Investment Management Group now owns 2,301,500 shares of the technology company’s stock worth $6,352,000 after purchasing an additional 326,388 shares during the period. Walleye Capital LLC increased its holdings in Baozun by 103.5% during the 4th quarter. Walleye Capital LLC now owns 306,091 shares of the technology company’s stock worth $833,000 after purchasing an additional 155,650 shares during the period. Barclays PLC increased its holdings in Baozun by 2,153.5% during the 3rd quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock worth $573,000 after purchasing an additional 152,900 shares during the period. Millennium Management LLC purchased a new stake in Baozun during the 4th quarter worth about $332,000. Finally, Bank of America Corp DE increased its holdings in Baozun by 44,379.3% during the 4th quarter. Bank of America Corp DE now owns 100,968 shares of the technology company’s stock worth $275,000 after purchasing an additional 100,741 shares during the period. Hedge funds and other institutional investors own 47.29% of the company’s stock.

Baozun Company Profile

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.