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

StockNews.com downgraded shares of Baozun (NASDAQ:BZUN) from a buy rating to a hold rating in a report published on Monday.

Separately, Citigroup raised their price objective on shares of 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 opened at $3.44 on Monday. The company has a market capitalization of $211.77 million, a PE ratio of -6.37 and a beta of 0.32. The company’s 50 day moving average price is $3.14 and its 200 day moving average price is $2.92. Baozun has a 52 week low of $2.11 and a 52 week high of $4.38.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Baozun in the 3rd quarter valued at approximately $353,000. Barclays PLC increased its position in shares of Baozun by 2,153.5% during the third quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock valued at $573,000 after purchasing an additional 152,900 shares during the period. State Street Corp acquired a new position in shares of Baozun in the third quarter valued at $170,000. Wolverine Trading LLC lifted its position in Baozun by 42.5% in the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after purchasing an additional 4,545 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Baozun during the third quarter worth $149,000. Institutional investors and hedge funds own 47.29% of the company’s stock.

About Baozun

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.