75,070 Shares in Baozun Inc. (BZUN) Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new position in Baozun Inc. (NASDAQ:BZUN) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 75,070 shares of the technology company’s stock, valued at approximately $1,664,000.

Other hedge funds have also recently modified their holdings of the company. First Trust Advisors LP lifted its holdings in shares of Baozun by 37.3% during the first quarter. First Trust Advisors LP now owns 106,370 shares of the technology company’s stock valued at $1,589,000 after acquiring an additional 28,909 shares during the period. Sei Investments Co. lifted its holdings in shares of Baozun by 24.3% during the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock valued at $105,000 after acquiring an additional 1,373 shares during the period. UBS Group AG lifted its holdings in shares of Baozun by 1,170.6% during the first quarter. UBS Group AG now owns 309,758 shares of the technology company’s stock valued at $4,628,000 after acquiring an additional 338,690 shares during the period. Bank of America Corp DE lifted its holdings in shares of Baozun by 94.8% during the first quarter. Bank of America Corp DE now owns 174,506 shares of the technology company’s stock valued at $2,608,000 after acquiring an additional 84,936 shares during the period. Finally, Credit Suisse AG lifted its holdings in shares of Baozun by 5.7% during the first quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock valued at $406,000 after acquiring an additional 1,463 shares during the period. 33.69% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on BZUN. Vetr cut Baozun from a “strong-buy” rating to a “hold” rating and set a $37.25 price target for the company. in a report on Tuesday, October 3rd. Zacks Investment Research raised Baozun from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, July 25th. Citigroup Inc. began coverage on Baozun in a report on Thursday, August 31st. They issued a “buy” rating and a $38.00 price target for the company. BidaskClub lowered Baozun from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Deutsche Bank AG lowered Baozun from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $25.00 to $30.00 in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Baozun has a consensus rating of “Buy” and a consensus price target of $36.54.

Baozun Inc. (NASDAQ BZUN) opened at 30.28 on Friday. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 93.75 and a beta of 4.74. The stock’s 50 day moving average price is $35.02 and its 200 day moving average price is $35.02. Baozun Inc. has a 52-week low of $10.87 and a 52-week high of $40.65.

Baozun (NASDAQ:BZUN) last released its quarterly earnings results on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $131.04 million for the quarter. Baozun had a net margin of 3.26% and a return on equity of 9.19%. On average, equities analysts anticipate that Baozun Inc. will post $0.68 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/10/27/bank-of-new-york-mellon-corp-takes-position-in-baozun-inc-bzun.html.

Baozun Company Profile

Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.

Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

Receive News & Ratings for Baozun Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply