Private Advisor Group LLC purchased a new position in shares of Baozun Inc (NASDAQ:BZUN) during the 1st quarter, HoldingsChannel reports. The firm purchased 23,537 shares of the technology company’s stock, valued at approximately $978,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of BZUN. Quadrant Capital Group LLC boosted its position in shares of Baozun by 67.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,769 shares of the technology company’s stock worth $72,000 after acquiring an additional 710 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Baozun by 9.2% during the 1st quarter. Advisor Group Inc. now owns 3,071 shares of the technology company’s stock worth $128,000 after acquiring an additional 259 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Baozun during the 4th quarter worth about $136,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Baozun by 13.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,057 shares of the technology company’s stock worth $143,000 after acquiring an additional 600 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its position in shares of Baozun by 23.6% during the 4th quarter. Financial Advocates Investment Management now owns 2,225 shares of the technology company’s stock worth $159,000 after acquiring an additional 425 shares in the last quarter. Institutional investors own 57.75% of the company’s stock.
BZUN has been the subject of several analyst reports. BidaskClub cut Baozun from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 9th. Zacks Investment Research cut Baozun from a “hold” rating to a “sell” rating in a research report on Thursday, June 6th.
NASDAQ:BZUN opened at $44.59 on Friday. The stock has a market cap of $2.77 billion, a PE ratio of 67.56 and a beta of 3.20. Baozun Inc has a 1 year low of $27.81 and a 1 year high of $65.93. The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.15.
Baozun (NASDAQ:BZUN) last announced its earnings results on Wednesday, May 29th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.28 billion. Baozun had a net margin of 4.99% and a return on equity of 13.77%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, research analysts forecast that Baozun Inc will post 1.17 earnings per share for the current year.
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Baozun Company Profile
Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing, and order fulfillment.
Further Reading: Cost of Equity For A Business, Investors
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