Baozun (NASDAQ:BZUN) Raised to “Buy” at StockNews.com

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

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

Baozun Price Performance

NASDAQ:BZUN opened at $3.00 on Friday. The firm has a market capitalization of $184.69 million, a price-to-earnings ratio of -5.56 and a beta of 0.39. The business has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $3.04. Baozun has a 1 year low of $2.11 and a 1 year high of $4.38.

Hedge Funds Weigh In On Baozun

A number of hedge funds and other institutional investors have recently made changes to their positions in BZUN. Tower Research Capital LLC TRC lifted its holdings 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 worth $32,000 after buying an additional 6,772 shares during the period. Wolverine Trading LLC increased 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 valued at $52,000 after purchasing an additional 4,545 shares during the period. Jane Street Group LLC acquired a new stake in shares of Baozun during the fourth quarter worth about $42,000. QRG Capital Management Inc. boosted its position in Baozun by 50.8% in the fourth quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock valued at $57,000 after buying an additional 7,108 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Baozun by 95.5% during the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock worth $65,000 after buying an additional 11,683 shares during the last quarter. Institutional investors own 47.29% of the company’s stock.

Baozun Company Profile

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.