Baozun (NASDAQ:BZUN) Cut to Hold at StockNews.com

StockNews.com cut shares of Baozun (NASDAQ:BZUN) from a buy rating to a hold rating in a research note released on Wednesday morning.

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

Baozun Stock Performance

Shares of BZUN stock opened at $3.23 on Wednesday. The company has a market capitalization of $198.84 million, a price-to-earnings ratio of -5.98 and a beta of 0.31. The stock’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $2.79. Baozun has a twelve month low of $2.08 and a twelve month high of $4.38.

Baozun (NASDAQ:BZUN) last issued its quarterly earnings data on Thursday, November 21st. The technology company reported ($0.21) earnings per share for the quarter. Baozun had a negative return on equity of 5.58% and a negative net margin of 2.55%.

Institutional Trading of Baozun

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. acquired a new position in shares of Baozun during the third quarter valued at about $50,000. Wolverine Trading LLC raised its holdings in Baozun by 42.5% in the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock valued at $52,000 after acquiring an additional 4,545 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Baozun in the 3rd quarter worth approximately $69,000. Marshall Wace LLP acquired a new stake in shares of Baozun during the 2nd quarter worth approximately $55,000. Finally, New York State Common Retirement Fund increased its position in shares of Baozun by 95.5% during the fourth quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after purchasing an additional 11,683 shares during the period. 47.29% of the stock is currently owned by institutional investors and hedge funds.

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.