Baozun Inc. (NASDAQ:BZUN) Holdings Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in shares of Baozun Inc. (NASDAQ:BZUN) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,600 shares of the technology company’s stock after selling 16,997 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.26% of Baozun worth $579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Baozun during the 3rd quarter valued at approximately $353,000. Barclays PLC boosted its holdings 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 acquiring an additional 152,900 shares during the period. State Street Corp acquired a new position in shares of Baozun during the third quarter valued at $170,000. Marshall Wace LLP bought a new position in shares of Baozun during the second quarter worth about $55,000. Finally, Wolverine Trading LLC increased its holdings in shares of Baozun by 42.5% in the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after acquiring an additional 4,545 shares during the period. 47.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on BZUN. StockNews.com upgraded shares of Baozun from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Citigroup boosted their price objective on Baozun from $3.90 to $4.20 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Baozun Stock Up 0.3 %

Shares of NASDAQ BZUN opened at $3.06 on Tuesday. The firm’s 50-day simple moving average is $2.82 and its 200 day simple moving average is $2.78. The stock has a market cap of $188.37 million, a P/E ratio of -5.67 and a beta of 0.31. Baozun Inc. has a fifty-two week low of $2.08 and a fifty-two week high of $4.38.

Baozun (NASDAQ:BZUN) last issued its quarterly 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%.

Baozun 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.