Healthcare of Ontario Pension Plan Trust Fund Sells 148,600 Shares of Baozun Inc. (NASDAQ:BZUN)

Healthcare of Ontario Pension Plan Trust Fund reduced its position in Baozun Inc. (NASDAQ:BZUN) by 26.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 416,300 shares of the technology company’s stock after selling 148,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.68% of Baozun worth $974,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mackenzie Financial Corp bought a new position in shares of Baozun in the 2nd quarter worth $165,000. Marshall Wace LLP purchased a new stake in Baozun in the 2nd quarter valued at $55,000. Dimensional Fund Advisors LP raised its position in Baozun by 23.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock valued at $1,452,000 after buying an additional 117,502 shares during the last quarter. Acadian Asset Management LLC raised its position in Baozun by 55.1% in the 2nd quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company’s stock valued at $2,335,000 after buying an additional 356,096 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in Baozun in the 1st quarter valued at $35,000. 47.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, CLSA lowered Baozun from an “outperform” rating to a “hold” rating and decreased their target price for the company from $2.80 to $2.20 in a research report on Friday, August 30th.

Baozun Price Performance

Shares of Baozun stock opened at $4.11 on Tuesday. Baozun Inc. has a 1 year low of $1.90 and a 1 year high of $4.38. The firm has a market cap of $251.03 million, a PE ratio of -6.85 and a beta of 0.35. The stock has a fifty day moving average price of $2.58 and a 200-day moving average price of $2.57.

Baozun (NASDAQ:BZUN) last announced its earnings results on Wednesday, August 28th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. Baozun had a negative net margin of 3.02% and a negative return on equity of 6.38%. The business had revenue of $329.01 million for the quarter.

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.