Baozun Inc. (NASDAQ:BZUN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in shares of Baozun Inc. (NASDAQ:BZUN) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,600 shares of the technology company’s stock after selling 16,997 shares during the period. JPMorgan Chase & Co.’s holdings in Baozun were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. QRG Capital Management Inc. bought a new stake in Baozun during the third quarter worth approximately $50,000. Wolverine Trading LLC lifted its position 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 acquiring an additional 4,545 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Baozun during the 2nd quarter valued at $55,000. SG Americas Securities LLC bought a new stake in shares of Baozun during the 3rd quarter worth $69,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Baozun in the 3rd quarter worth $148,000. Institutional investors and hedge funds own 47.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BZUN shares. StockNews.com raised Baozun from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Citigroup upped their price objective on shares of Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Baozun Stock Up 0.3 %

Shares of NASDAQ:BZUN opened at $3.06 on Tuesday. The company’s fifty day moving average is $2.82 and its two-hundred day moving average is $2.78. The company has a market cap of $188.37 million, a P/E ratio of -5.67 and a beta of 0.31. Baozun Inc. has a 12-month low of $2.08 and a 12-month high of $4.38.

Baozun (NASDAQ:BZUN) last issued its quarterly earnings results on Thursday, November 21st. The technology company reported ($0.21) earnings per share for the quarter. Baozun had a negative net margin of 2.55% and a negative return on equity of 5.58%.

Baozun 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.