Baozun (NASDAQ:BZUN) Cut to “Hold” at CLSA

CLSA downgraded shares of Baozun (NASDAQ:BZUN) from an outperform rating to a hold rating in a research report sent to investors on Friday morning, Marketbeat.com reports. The firm currently has $2.20 target price on the technology company’s stock, down from their previous target price of $2.80.

Baozun Trading Down 1.3 %

BZUN stock opened at $2.29 on Friday. The stock has a 50-day moving average price of $2.41 and a two-hundred day moving average price of $2.51. The stock has a market cap of $139.87 million, a PE ratio of -3.82 and a beta of 0.32. Baozun has a 1 year low of $1.90 and a 1 year high of $4.19.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BZUN. Mackenzie Financial Corp acquired a new position in Baozun during the second quarter worth $165,000. Marshall Wace LLP acquired a new stake in Baozun in the 2nd quarter valued at about $55,000. Dimensional Fund Advisors LP grew its holdings in Baozun by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock worth $1,452,000 after purchasing an additional 117,502 shares during the period. Acadian Asset Management LLC grew its holdings in Baozun by 55.1% during the second quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company’s stock worth $2,335,000 after purchasing an additional 356,096 shares during the period. Finally, Cetera Advisors LLC acquired a new position in Baozun during the first quarter worth approximately $35,000. 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.