Vetr Lowers Baozun (BZUN) to Hold

Vetr lowered shares of Baozun (NASDAQ:BZUN) from a buy rating to a hold rating in a research note issued to investors on Monday. They currently have $35.93 price target on the technology company’s stock.

BZUN has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Baozun from a sell rating to a buy rating and set a $37.00 price target on the stock in a research note on Tuesday, October 24th. Bank of America upped their price target on shares of Baozun from $34.00 to $38.00 and gave the company a buy rating in a research report on Monday, September 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $35.79.

Baozun (BZUN) opened at $35.29 on Monday. The stock has a market cap of $1,930.00 and a price-to-earnings ratio of 106.94. Baozun has a 1 year low of $12.83 and a 1 year high of $40.65.

A number of hedge funds have recently modified their holdings of the stock. Tairen Capital Ltd boosted its position in Baozun by 94.6% during the second quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock valued at $21,456,000 after purchasing an additional 864,041 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Baozun during the third quarter worth about $44,810,000. WIM Asset Management HK Ltd acquired a new stake in shares of Baozun during the fourth quarter worth about $30,651,000. Ariose Capital Management Ltd acquired a new stake in shares of Baozun during the third quarter worth about $30,886,000. Finally, Harvest Fund Management Co. Ltd raised its position in Baozun by 78.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 790,142 shares of the technology company’s stock valued at $17,517,000 after acquiring an additional 346,861 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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