American Century Companies Inc. Invests $4.46 Million in Baozun Inc. (BZUN) Stock
American Century Companies Inc. bought a new stake in Baozun Inc. (NASDAQ:BZUN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 201,274 shares of the technology company’s stock, valued at approximately $4,462,000. American Century Companies Inc. owned 0.38% of Baozun as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Global X Management Co. LLC raised its position in Baozun by 1.6% in the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after purchasing an additional 105 shares during the period. Sei Investments Co. raised its position in Baozun by 24.3% in the first quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock valued at $105,000 after purchasing an additional 1,373 shares during the period. Credit Suisse AG raised its position in Baozun by 5.7% in the first quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock valued at $406,000 after purchasing an additional 1,463 shares during the period. Pioneer Investment Management Inc. raised its position in Baozun by 1.3% in the second quarter. Pioneer Investment Management Inc. now owns 166,131 shares of the technology company’s stock valued at $3,683,000 after purchasing an additional 2,140 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new stake in Baozun in the second quarter valued at $283,000. Institutional investors own 30.98% of the company’s stock.
Shares of Baozun Inc. (NASDAQ:BZUN) opened at 31.56 on Monday. The company has a 50 day moving average price of $31.26 and a 200 day moving average price of $21.96. The stock has a market cap of $1.71 billion, a P/E ratio of 99.87 and a beta of 4.70. Baozun Inc. has a 12-month low of $10.87 and a 12-month high of $35.91.
Baozun (NASDAQ:BZUN) last issued its earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by $0.01. The firm had revenue of $131.04 million during the quarter. Baozun had a return on equity of 9.19% and a net margin of 3.26%. Analysts anticipate that Baozun Inc. will post $0.70 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the company. Bank of America Corporation restated a “buy” rating and issued a $26.00 target price (up previously from $18.70) on shares of Baozun in a research report on Monday, May 15th. Zacks Investment Research downgraded Baozun from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. BidaskClub upgraded Baozun from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Deutsche Bank AG downgraded Baozun from a “buy” rating to a “hold” rating and boosted their price objective for the company from $25.00 to $30.00 in a report on Wednesday, August 23rd. Finally, Citigroup Inc. began coverage on Baozun in a report on Thursday, August 31st. They issued a “buy” rating and a $38.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $34.95.
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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