BRILLIANCE ASSET MANAGEMENT Ltd Buys New Stake in Baozun Inc. (BZUN)
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.
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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.
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