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

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

Separately, Citigroup lifted their price objective 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

BZUN opened at $3.23 on Wednesday. The firm has a market cap of $198.84 million, a price-to-earnings ratio of -5.98 and a beta of 0.31. The firm’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 Inflows and Outflows

Several large investors have recently bought and sold shares of the company. New York State Common Retirement Fund increased its stake in shares of Baozun by 95.5% in the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after buying an additional 11,683 shares during the period. Barclays PLC increased its position in Baozun by 2,153.5% in the third 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. Public Employees Retirement System of Ohio bought a new stake in Baozun during the 3rd quarter worth about $149,000. XTX Topco Ltd acquired a new position in Baozun during the 3rd quarter valued at about $175,000. Finally, Wolverine Trading LLC boosted its stake in shares of 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 purchasing an additional 4,545 shares during the last quarter. Institutional investors and hedge funds 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.