StockNews.com Downgrades Baozun (NASDAQ:BZUN) to Hold

Baozun (NASDAQ:BZUN) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

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

Baozun Trading Up 9.5 %

BZUN opened at $3.35 on Wednesday. Baozun has a twelve month low of $2.08 and a twelve month high of $4.38. The stock has a market cap of $206.23 million, a PE ratio of -6.20 and a beta of 0.31. The business’s 50 day moving average is $2.87 and its 200-day moving average is $2.78.

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

Hedge Funds Weigh In On Baozun

Several hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. bought a new position in Baozun during the third quarter valued at about $50,000. Wolverine Trading LLC boosted its position in shares of 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 in the last quarter. Marshall Wace LLP bought a new position in shares of Baozun during the 2nd quarter valued at about $55,000. SG Americas Securities LLC acquired a new position in shares of Baozun in the 3rd quarter worth approximately $69,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Baozun in the 3rd quarter worth approximately $148,000. 47.29% of the stock is currently owned by institutional investors and hedge funds.

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.