Baozun (NASDAQ:BZUN) Stock Rating Upgraded by Vetr

Vetr upgraded shares of Baozun (NASDAQ:BZUN) from a buy rating to a strong-buy rating in a report issued on Tuesday, December 26th. Vetr currently has $35.93 target price on the technology company’s stock.

Several other research analysts have also weighed in on BZUN. Zacks Investment Research lowered Baozun from a hold rating to a sell rating in a research report on Tuesday, November 28th. Bank of America increased their price objective on Baozun from $34.00 to $38.00 and gave the stock a buy rating in a research report on Monday, September 11th. Finally, Citigroup initiated coverage on Baozun in a research report on Thursday, August 31st. They issued a buy rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $35.79.

Shares of Baozun (BZUN) opened at $36.87 on Tuesday. Baozun has a fifty-two week low of $12.83 and a fifty-two week high of $40.65. The company has a market capitalization of $2,020.00 and a P/E ratio of 111.73.

Large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN purchased a new position in Baozun in the second quarter valued at $435,000. Ariose Capital Management Ltd purchased a new position in Baozun in the third quarter valued at $30,886,000. Cadence Capital Management LLC purchased a new position in Baozun in the second quarter valued at $542,000. Pictet Asset Management Ltd. purchased a new position in Baozun in the third quarter valued at $2,547,000. Finally, Tairen Capital Ltd boosted its holdings in Baozun by 94.6% in 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 during the period. Hedge funds and other institutional investors 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.

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

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