Wenbin Qiu Acquires 7,100 Shares of Baozun (NASDAQ:BZUN) Stock

Baozun Inc. (NASDAQ:BZUN) CEO Wenbin Qiu purchased 7,100 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was acquired at an average cost of $2.84 per share, for a total transaction of $20,164.00. Following the completion of the purchase, the chief executive officer owned 1,652,872 shares of the company’s stock, valued at approximately $4,694,156.48. This represents a 0.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Wenbin Qiu also recently made the following trade(s):

• On Monday, September 14th, Wenbin Qiu acquired 7,300 shares of Baozun stock. The shares were acquired at an average cost of $2.74 per share, with a total value of $20,002.00.
• On Monday, June 22nd, Wenbin Qiu acquired 10,000 shares of Baozun stock. The stock was acquired at an average price of $2.81 per share, with a total value of $28,100.00.

Baozun Trading Up 0.7%

BZUN stock opened at $2.78 on Friday. The firm has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.68. Baozun Inc. has a 12 month low of $2.07 and a 12 month high of $4.55. The company has a market cap of $161.55 million, a price-to-earnings ratio of -8.42 and a beta of 0.51.

Baozun (NASDAQ:BZUN) last issued its earnings results on Friday, August 14th. The technology company reported $0.19 earnings per share for the quarter. The business had revenue of $403.74 million for the quarter. Baozun had a positive return on equity of 2.55% and a negative net margin of 1.26%.

Institutional Trading of Baozun

Institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers raised its stake in shares of Baozun by 23.6% in the 1st quarter. Cetera Investment Advisers now owns 38,238 shares of the technology company’s stock valued at $91,000 after acquiring an additional 7,289 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Baozun by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 593,669 shares of the technology company’s stock worth $1,418,000 after purchasing an additional 18,067 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Baozun during the 4th quarter worth approximately $133,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Baozun by 75,465,800.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 754,659 shares of the technology company’s stock valued at $2,007,000 after purchasing an additional 754,658 shares during the last quarter. Hedge funds and other institutional investors own 47.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BZUN shares. CLSA raised Baozun from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from $3.20 to $3.80 in a research note on Friday, August 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Baozun in a report on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of Baozun in a report on Thursday, August 27th. Finally, Wall Street Zen cut shares of Baozun from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $3.80.

Baozun Company Profile

Baozun Inc (NASDAQ: BZUN) is a China-based brand e-commerce and digital commerce services company. Founded in 2007 and headquartered in Shanghai, the company helps brands establish, operate and grow their online and omnichannel businesses, primarily in China and selected international markets.

Baozun’s services include e-commerce technology, online store design and operation, digital marketing, customer service, data analytics, warehousing and logistics. Its technology and service platform supports brands across major online marketplaces, social commerce channels and direct-to-consumer websites, helping them manage product listings, orders, payments, fulfillment and customer engagement.

The company has historically worked with international and domestic brands in categories such as apparel, consumer products, electronics and beauty.