StockNews.com Upgrades Baozun (NASDAQ:BZUN) to Buy

Baozun (NASDAQ:BZUN) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

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

Baozun Price Performance

BZUN opened at $3.75 on Friday. The company has a market capitalization of $230.85 million, a price-to-earnings ratio of -6.94 and a beta of 0.32. Baozun has a 1-year low of $2.11 and a 1-year high of $4.38. The business has a 50 day moving average price of $3.05 and a two-hundred day moving average price of $2.85.

Baozun (NASDAQ:BZUN) last released its earnings results on Thursday, November 21st. The technology company reported ($0.21) earnings per share for the quarter. Baozun had a negative return on equity of 5.58% and a negative net margin of 2.55%.

Institutional Investors Weigh In On Baozun

A number of institutional investors and hedge funds have recently modified their holdings of BZUN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Baozun during the 3rd quarter valued at $353,000. Barclays PLC raised its stake in Baozun by 2,153.5% during the 3rd quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock valued at $573,000 after purchasing an additional 152,900 shares during the period. State Street Corp acquired a new stake in Baozun during the 3rd quarter valued at $170,000. Wolverine Trading LLC raised its stake in Baozun by 42.5% during the 3rd 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 period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Baozun during the 3rd quarter valued at $149,000. Institutional investors and hedge funds own 47.29% of the company’s stock.

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.