Zacks Investment Research Downgrades Baozun Inc. (BZUN) to Sell
Baozun Inc. (NASDAQ:BZUN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.
According to Zacks, “Baozun Inc. offers digital and e-commerce service primarily in China. The Company’s services include website design, development and hosting, information technology infrastructure, customer service, warehousing and logistics services as well as digital marketing. Baozun Inc. is based in SHANGHAI, China. “
Baozun (NASDAQ:BZUN) traded up 2.37% during mid-day trading on Monday, hitting $15.98. 618,154 shares of the company traded hands. Baozun has a one year low of $4.83 and a one year high of $18.61. The firm has a 50 day moving average of $0.00 and a 200 day moving average of $0.00.
Large investors have recently made changes to their positions in the stock. Global X Management Co. LLC boosted its stake in shares of Baozun by 12.5% in the third quarter. Global X Management Co. LLC now owns 7,295 shares of the company’s stock worth $110,000 after buying an additional 810 shares during the period. BlackRock Group LTD boosted its stake in shares of Baozun by 3.8% in the third quarter. BlackRock Group LTD now owns 7,707 shares of the company’s stock valued at $116,000 after buying an additional 284 shares during the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Baozun during the third quarter valued at $199,000. State Street Corp purchased a new stake in shares of Baozun during the second quarter valued at $210,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Baozun by 3.0% in the second quarter. GSA Capital Partners LLP now owns 55,020 shares of the company’s stock valued at $357,000 after buying an additional 1,620 shares during the last quarter. 10.80% of the stock is owned by institutional investors.
Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
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