CIBC World Markets Inc. lessened its stake in Baozun Inc (NASDAQ:BZUN) by 17.9% during the 3rd quarter, Holdings Channel reports. The firm owned 8,325 shares of the technology company’s stock after selling 1,820 shares during the quarter. CIBC World Markets Inc.’s holdings in Baozun were worth $404,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of BZUN. FMR LLC lifted its holdings in shares of Baozun by 30.0% during the third quarter. FMR LLC now owns 938,109 shares of the technology company’s stock worth $45,573,000 after purchasing an additional 216,723 shares during the period. BlackRock Inc. lifted its holdings in shares of Baozun by 177.9% during the third quarter. BlackRock Inc. now owns 1,636,681 shares of the technology company’s stock worth $79,511,000 after purchasing an additional 1,047,776 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Baozun by 2,034.2% during the third quarter. PNC Financial Services Group Inc. now owns 12,805 shares of the technology company’s stock worth $623,000 after purchasing an additional 12,205 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Baozun during the third quarter worth about $1,855,000. Finally, EAM Global Investors LLC lifted its holdings in shares of Baozun by 23.0% during the third quarter. EAM Global Investors LLC now owns 30,799 shares of the technology company’s stock worth $1,496,000 after purchasing an additional 5,750 shares during the period. Institutional investors own 55.30% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Baozun from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 27th. BidaskClub raised Baozun from a “sell” rating to a “hold” rating in a report on Friday. Finally, ValuEngine raised Baozun from a “hold” rating to a “buy” rating in a report on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.47.
Baozun stock opened at $33.54 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.01 and a quick ratio of 1.57. Baozun Inc has a 52 week low of $28.93 and a 52 week high of $67.41. The stock has a market cap of $2.02 billion, a P/E ratio of 60.98 and a beta of 3.56.
Baozun (NASDAQ:BZUN) last released its earnings results on Wednesday, November 21st. The technology company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). Baozun had a return on equity of 12.09% and a net margin of 4.80%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.64 EPS. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, equities analysts anticipate that Baozun Inc will post 0.76 EPS for the current fiscal year.
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Baozun Company Profile
Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
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