Baozun (NASDAQ:BZUN) Cut to Hold at StockNews.com

StockNews.com lowered shares of Baozun (NASDAQ:BZUN) from a buy rating to a hold rating in a research report released on Saturday morning.

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

Baozun Price Performance

Shares of NASDAQ BZUN opened at $3.52 on Friday. The stock’s fifty day moving average price is $2.96 and its two-hundred day moving average price is $2.82. Baozun has a one year low of $2.11 and a one year high of $4.38. The firm has a market cap of $216.69 million, a price-to-earnings ratio of -6.52 and a beta of 0.32.

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

Hedge Funds Weigh In On Baozun

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake 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. Marshall Wace LLP acquired a new stake in Baozun during the second quarter worth approximately $55,000. SG Americas Securities LLC acquired a new stake in Baozun during the third quarter worth approximately $69,000. QRG Capital Management Inc. acquired a new stake in Baozun during the third quarter worth approximately $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Baozun by 9.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 490,771 shares of the technology company’s stock worth $1,757,000 after purchasing an additional 42,524 shares during the period. 47.29% of the stock is currently owned by institutional investors.

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.