SG Americas Securities LLC Purchases New Position in Baozun Inc. (NASDAQ:BZUN)

SG Americas Securities LLC acquired a new stake in Baozun Inc. (NASDAQ:BZUN) in the third quarter, according to its most recent filing with the SEC. The fund acquired 19,261 shares of the technology company’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acadian Asset Management LLC grew its position in shares of Baozun by 55.1% in the second quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company’s stock valued at $2,335,000 after purchasing an additional 356,096 shares in the last quarter. Virtu Financial LLC purchased a new position in Baozun during the 1st quarter valued at about $48,000. Marshall Wace LLP bought a new stake in shares of Baozun during the second quarter valued at about $55,000. Cetera Advisors LLC purchased a new stake in shares of Baozun in the first quarter worth about $35,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Baozun by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock valued at $1,452,000 after acquiring an additional 117,502 shares during the period. Institutional investors own 47.29% of the company’s stock.

Baozun Stock Up 2.8 %

Shares of NASDAQ BZUN opened at $3.25 on Tuesday. The stock’s 50-day simple moving average is $2.92 and its two-hundred day simple moving average is $2.68. Baozun Inc. has a twelve month low of $1.90 and a twelve month high of $4.38. The firm has a market capitalization of $198.50 million, a P/E ratio of -5.42 and a beta of 0.35.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings data on Wednesday, August 28th. The technology company reported ($0.07) earnings per share for the quarter. Baozun had a negative return on equity of 6.38% and a negative net margin of 3.02%. The company had revenue of $329.01 million during the quarter.

Analyst Upgrades and Downgrades

Separately, CLSA downgraded shares of Baozun from an “outperform” rating to a “hold” rating and cut their price target for the company from $2.80 to $2.20 in a report on Friday, August 30th.

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.