Baozun (NASDAQ:BZUN) Stock Rating Upgraded by StockNews.com

Baozun (NASDAQ:BZUN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Citigroup upped their price objective on shares of Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Baozun Stock Up 4.0 %

Shares of NASDAQ BZUN opened at $2.88 on Friday. The firm’s fifty day moving average is $2.77 and its 200 day moving average is $2.76. Baozun has a 52 week low of $1.92 and a 52 week high of $4.38. The company has a market cap of $177.29 million, a price-to-earnings ratio of -5.33 and a beta of 0.31.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of Baozun by 2,153.5% during the third quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock valued at $573,000 after buying an additional 152,900 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Baozun by 23.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock worth $1,452,000 after acquiring an additional 117,502 shares in the last quarter. Walleye Capital LLC lifted its stake in shares of Baozun by 203.4% in the 3rd quarter. Walleye Capital LLC now owns 150,441 shares of the technology company’s stock valued at $539,000 after purchasing an additional 100,852 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Baozun during the third quarter valued at approximately $353,000. Finally, Mackenzie Financial Corp purchased a new stake in Baozun in the second quarter worth $165,000. 47.29% of the stock is owned by hedge funds and other 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.