BRILLIANCE ASSET MANAGEMENT Ltd bought a new position in Baozun Inc. (NASDAQ:BZUN) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 320,775 shares of the technology company’s stock, valued at approximately $7,112,000. Baozun accounts for approximately 3.6% of BRILLIANCE ASSET MANAGEMENT Ltd’s investment portfolio, making the stock its 6th biggest holding.

A number of other large investors have also modified their holdings of BZUN. Green Court Capital Management Ltd purchased a new position in Baozun in the 2nd quarter worth $32,278,000. Tairen Capital Ltd raised its position in Baozun by 94.6% in the 2nd quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock worth $21,456,000 after purchasing an additional 864,041 shares during the period. Franklin Resources Inc. purchased a new position in Baozun in the 2nd quarter worth $16,599,000. Myriad Asset Management Ltd. purchased a new position in Baozun in the 2nd quarter worth $8,868,000. Finally, Flowering Tree Investment Management Pte. Ltd. purchased a new position in Baozun in the 2nd quarter worth $8,567,000. Institutional investors own 30.98% of the company’s stock.

A number of equities analysts recently commented on the stock. Vetr cut shares of Baozun from a “hold” rating to a “sell” rating and set a $35.58 target price on the stock. in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Baozun from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Deutsche Bank AG cut shares of Baozun from a “buy” rating to a “hold” rating and lifted their target price for the stock from $25.00 to $30.00 in a research report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Baozun from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research report on Wednesday, September 13th. Finally, Bank of America Corporation boosted their price objective on shares of Baozun from $26.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.34.

TRADEMARK VIOLATION WARNING: “BRILLIANCE ASSET MANAGEMENT Ltd Buys New Stake in Baozun Inc. (BZUN)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/20/brilliance-asset-management-ltd-buys-new-stake-in-baozun-inc-bzun.html.

Baozun Inc. (NASDAQ BZUN) traded down 0.74% during trading on Friday, hitting $33.44. 1,052,714 shares of the company’s stock were exchanged. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 103.53 and a beta of 4.74. The firm has a 50 day moving average price of $35.38 and a 200 day moving average price of $35.38. Baozun Inc. has a 52-week low of $10.87 and a 52-week high of $40.65.

Baozun (NASDAQ:BZUN) last announced its earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Baozun had a net margin of 3.26% and a return on equity of 9.19%. The firm had revenue of $131.04 million during the quarter. On average, equities research analysts predict that Baozun Inc. will post $0.69 earnings per share for the current year.

Baozun Company Profile

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.

Want to see what other hedge funds are holding BZUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baozun Inc. (NASDAQ:BZUN).

Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

Receive News & Stock Ratings for Baozun Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun Inc. and related stocks with our FREE daily email newsletter.