Baozun (NASDAQ:BZUN) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Baozun (NASDAQ:BZUN) from a buy rating to a hold rating in a research report released on Monday.

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

Baozun Stock Up 3.9 %

BZUN stock opened at $3.44 on Monday. The stock’s 50 day moving average is $3.14 and its two-hundred day moving average is $2.92. Baozun has a 52-week low of $2.11 and a 52-week high of $4.38. The company has a market capitalization of $211.77 million, a PE ratio of -6.37 and a beta of 0.32.

Institutional Trading of Baozun

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in shares of Baozun by 138.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company’s stock valued at $32,000 after buying an additional 6,772 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Baozun during the fourth quarter worth $42,000. QRG Capital Management Inc. purchased a new stake in shares of Baozun during the third quarter valued at $50,000. Wolverine Trading LLC lifted its holdings in shares of Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock valued at $52,000 after purchasing an additional 4,545 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Baozun by 95.5% in the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after purchasing an additional 11,683 shares during the period. 47.29% of the stock is currently owned by institutional investors.

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.