Baozun (NASDAQ:BZUN) Upgraded to Buy at StockNews.com

Baozun (NASDAQ:BZUN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

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

Baozun Price Performance

Shares of BZUN traded down $0.06 during mid-day trading on Friday, reaching $3.00. The company’s stock had a trading volume of 339,139 shares, compared to its average volume of 484,510. Baozun has a 12-month low of $2.11 and a 12-month high of $4.38. The stock has a market cap of $184.69 million, a PE ratio of -5.56 and a beta of 0.39. The company’s 50 day moving average is $3.25 and its 200 day moving average is $3.03.

Institutional Investors Weigh In On Baozun

Several hedge funds and other institutional investors have recently made changes to their positions in BZUN. Schroder Investment Management Group raised its position in shares of Baozun by 16.5% during the 4th quarter. Schroder Investment Management Group now owns 2,301,500 shares of the technology company’s stock worth $6,352,000 after acquiring an additional 326,388 shares in the last quarter. Walleye Capital LLC increased its position in Baozun by 103.5% during the fourth quarter. Walleye Capital LLC now owns 306,091 shares of the technology company’s stock worth $833,000 after buying an additional 155,650 shares during the period. Barclays PLC increased its position in Baozun by 2,153.5% during the third quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock worth $573,000 after buying an additional 152,900 shares during the period. Millennium Management LLC acquired a new position in Baozun during the fourth quarter worth approximately $332,000. Finally, Bank of America Corp DE increased its position in Baozun by 44,379.3% during the fourth quarter. Bank of America Corp DE now owns 100,968 shares of the technology company’s stock worth $275,000 after buying an additional 100,741 shares during the period. 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.