Baozun (NASDAQ:BZUN) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, December 19th. They currently have a $34.52 target price on the technology company’s stock. Vetr‘s target price suggests a potential downside of 3.58% from the stock’s previous close.
Several other analysts also recently weighed in on BZUN. Deutsche Bank downgraded Baozun from a “buy” rating to a “hold” rating and upped their price target for the stock from $25.00 to $30.00 in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded Baozun from a “buy” rating to a “sell” rating in a research note on Thursday, August 24th. Citigroup initiated coverage on Baozun in a research note on Thursday, August 31st. They issued a “buy” rating and a $38.00 price target on the stock. Finally, Bank of America upped their price target on Baozun from $34.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $35.79.
Baozun (BZUN) traded up $0.51 during mid-day trading on Tuesday, hitting $35.80. The company’s stock had a trading volume of 1,016,690 shares, compared to its average volume of 1,864,599. Baozun has a 1 year low of $12.83 and a 1 year high of $40.65. The stock has a market cap of $1,960.00 and a P/E ratio of 108.48.
Hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its position in Baozun by 29.3% in the 2nd quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,311 shares in the last quarter. Legal & General Group Plc bought a new position in Baozun in the 3rd quarter valued at approximately $137,000. Global X Management Co. LLC lifted its position in Baozun by 1.6% in the 2nd quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after acquiring an additional 105 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Baozun by 18.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Baozun during the 3rd quarter valued at $187,000. 38.35% of the stock is currently owned by institutional investors and hedge funds.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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