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

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

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

Baozun Price Performance

Shares of NASDAQ BZUN opened at $2.88 on Friday. The business’s 50 day moving average is $2.77 and its two-hundred day moving average is $2.76. Baozun has a 1-year low of $1.92 and a 1-year high of $4.38. The stock has a market capitalization of $177.29 million, a P/E ratio of -5.33 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BZUN. Barclays PLC boosted its holdings in shares of Baozun by 2,153.5% in the third quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock valued at $573,000 after purchasing an additional 152,900 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Baozun during the 3rd quarter valued at $149,000. XTX Topco Ltd purchased a new stake in shares of Baozun during the 3rd quarter valued at $175,000. Wolverine Trading LLC lifted its holdings in shares of Baozun by 42.5% during 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. Finally, State Street Corp purchased a new stake in shares of Baozun during the 3rd quarter valued at $170,000. Institutional investors 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.