Baozun (NASDAQ:BZUN) Upgraded at StockNews.com

StockNews.com upgraded shares of Baozun (NASDAQ:BZUN) from a hold rating to a buy rating in a research note issued to investors on Friday.

Separately, Citigroup increased their price target on Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Baozun Trading Down 2.0 %

NASDAQ BZUN opened at $3.00 on Friday. The stock has a market cap of $184.69 million, a PE ratio of -5.56 and a beta of 0.39. Baozun has a twelve month low of $2.11 and a twelve month high of $4.38. The stock has a fifty day simple moving average of $3.25 and a 200-day simple moving average of $3.05.

Hedge Funds Weigh In On Baozun

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Trading LLC raised its holdings in shares of Baozun by 42.5% in the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after acquiring an additional 4,545 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Baozun by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 598,184 shares of the technology company’s stock valued at $1,628,000 after acquiring an additional 5,915 shares during the period. Tower Research Capital LLC TRC grew its position in Baozun by 138.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company’s stock valued at $32,000 after acquiring an additional 6,772 shares during the period. QRG Capital Management Inc. grew its position in Baozun by 50.8% during the fourth quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock valued at $57,000 after acquiring an additional 7,108 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Baozun by 95.5% during the fourth quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock worth $65,000 after purchasing an additional 11,683 shares in the last quarter. 47.29% of the stock is owned by institutional investors and hedge funds.

About Baozun

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.