Zacks Investment Research lowered shares of Baozun (NASDAQ:BZUN) from a hold rating to a sell rating in a research note issued to investors on Tuesday, November 28th.
According to Zacks, “Baozun Inc. offers digital and e-commerce service primarily in China. The Company’s services include website design, development and hosting, information technology infrastructure, customer service, warehousing and logistics services as well as digital marketing. Baozun Inc. is based in SHANGHAI, China. “
Other research analysts also recently issued research reports about the stock. Vetr downgraded shares of Baozun from a hold rating to a sell rating and set a $35.58 target price on the stock. in a research report on Wednesday, September 13th. BidaskClub raised shares of Baozun from a buy rating to a strong-buy rating in a research report on Friday, August 11th. Deutsche Bank downgraded shares of Baozun from a buy rating to a hold rating and raised their target price for the company from $25.00 to $30.00 in a research report on Wednesday, August 23rd. Bank of America raised their price target on shares of Baozun from $34.00 to $38.00 and gave the company a buy rating in a report on Monday, September 11th. Finally, Citigroup assumed coverage on shares of Baozun in a report on Thursday, August 31st. They issued a buy rating and a $38.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Baozun currently has a consensus rating of Buy and an average price target of $36.54.
Baozun (NASDAQ:BZUN) traded up $1.54 during midday trading on Tuesday, reaching $29.76. 3,469,904 shares of the company’s stock were exchanged, compared to its average volume of 3,364,828. The stock has a market cap of $1,616.38, a P/E ratio of 80.43 and a beta of 4.43. Baozun has a 1-year low of $10.87 and a 1-year high of $40.65.
Several large investors have recently added to or reduced their stakes in the company. Tairen Capital Ltd boosted its position in shares of Baozun by 94.6% during the 2nd quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock valued at $21,456,000 after acquiring an additional 864,041 shares during the last quarter. TB Alternative Assets Ltd. acquired a new position in Baozun during the 3rd quarter worth approximately $44,810,000. Ariose Capital Management Ltd acquired a new position in Baozun during the 3rd quarter worth approximately $30,886,000. Harvest Fund Management Co. Ltd lifted its position in Baozun by 78.2% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 790,142 shares of the technology company’s stock worth $17,517,000 after acquiring an additional 346,861 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Baozun during the 2nd quarter worth approximately $16,599,000. Institutional investors and hedge funds own 38.35% of the company’s stock.
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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.
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