Baozun Inc. (NASDAQ:BZUN) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC increased its stake in Baozun Inc. (NASDAQ:BZUN) by 55.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,018 shares of the technology company’s stock after acquiring an additional 356,096 shares during the period. Acadian Asset Management LLC owned approximately 1.64% of Baozun worth $2,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Baozun in the first quarter valued at approximately $48,000. Cetera Advisors LLC acquired a new position in Baozun in the 1st quarter worth approximately $35,000. Finally, Aigen Investment Management LP acquired a new position in Baozun in the 4th quarter worth approximately $30,000. 47.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, CLSA downgraded shares of Baozun from an “outperform” rating to a “hold” rating and cut their target price for the stock from $2.80 to $2.20 in a research report on Friday, August 30th.

Baozun Stock Up 3.3 %

BZUN stock opened at $2.50 on Friday. Baozun Inc. has a 12-month low of $1.90 and a 12-month high of $3.55. The company has a market cap of $150.48 million, a price-to-earnings ratio of -4.17 and a beta of 0.32. The company has a 50 day moving average of $2.39 and a two-hundred day moving average of $2.50.

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.