Baozun (NASDAQ:BZUN) Upgraded at Zacks Research

Baozun (NASDAQ:BZUN) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Baozun in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Baozun currently has an average rating of “Reduce”.

Baozun Stock Up 0.4%

NASDAQ:BZUN opened at $2.72 on Wednesday. The firm has a market capitalization of $157.35 million, a PE ratio of -5.55 and a beta of 0.37. Baozun has a 12-month low of $2.12 and a 12-month high of $4.88. The firm has a 50-day moving average price of $2.75 and a 200 day moving average price of $3.15.

Institutional Trading of Baozun

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in Baozun by 6.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 171,051 shares of the technology company’s stock worth $428,000 after buying an additional 9,627 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Baozun during the second quarter worth approximately $253,000. Quadrature Capital Ltd bought a new stake in shares of Baozun during the second quarter valued at approximately $61,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Baozun by 3.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 388,479 shares of the technology company’s stock valued at $971,000 after purchasing an additional 14,622 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Baozun in the 2nd quarter worth approximately $174,000. Institutional investors own 47.29% of the company’s stock.

About Baozun

Baozun Inc is a leading pure-play e-commerce solutions provider based in Shanghai, China. The company specializes in helping global and domestic brands establish and manage their online stores across major Chinese platforms, including Tmall, JD.com, and WeChat. By offering a one-stop service model, Baozun enables brand owners to outsource the complexities of digital retail operations and focus on product development and customer engagement.

The company’s suite of services encompasses store design and setup, digital marketing and promotion, technology integration, order fulfillment, warehousing and logistics, customer care, and data analytics.