California Public Employees Retirement System Invests $406,000 in Baozun Inc. (BZUN) Stock
California Public Employees Retirement System purchased a new stake in shares of Baozun Inc. (NASDAQ:BZUN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,300 shares of the technology company’s stock, valued at approximately $406,000.
A number of other large investors also recently added to or reduced their stakes in BZUN. Franklin Resources Inc. bought a new stake in Baozun during the second quarter valued at about $16,599,000. Myriad Asset Management Ltd. bought a new stake in Baozun during the second quarter valued at about $8,868,000. Flowering Tree Investment Management Pte. Ltd. bought a new stake in Baozun during the second quarter valued at about $8,567,000. Baillie Gifford & Co. grew its holdings in Baozun by 333.5% during the second quarter. Baillie Gifford & Co. now owns 460,100 shares of the technology company’s stock valued at $10,201,000 after purchasing an additional 353,968 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in Baozun by 78.2% during the second quarter. Harvest Fund Management Co. Ltd now owns 790,142 shares of the technology company’s stock valued at $17,517,000 after purchasing an additional 346,861 shares during the period. 34.75% of the stock is owned by institutional investors and hedge funds.
Baozun Inc. (NASDAQ:BZUN) opened at $29.51 on Friday. Baozun Inc. has a 52-week low of $10.87 and a 52-week high of $40.65. The company has a market capitalization of $1,602.81, a PE ratio of 79.76 and a beta of 4.64.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings data on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). Baozun had a net margin of 3.20% and a return on equity of 8.89%. The business had revenue of $131.04 million during the quarter. analysts forecast that Baozun Inc. will post 0.58 EPS for the current fiscal year.
BZUN has been the subject of several recent research reports. Bank of America Corporation boosted their price target on Baozun from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, September 11th. Vetr lowered Baozun from a “strong-buy” rating to a “buy” rating and set a $32.75 price target for the company. in a report on Wednesday, September 6th. Citigroup Inc. initiated coverage on Baozun in a report on Thursday, August 31st. They set a “buy” rating and a $38.00 price target for the company. BidaskClub downgraded Baozun from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded Baozun from a “sell” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Baozun currently has a consensus rating of “Buy” and a consensus price target of $36.54.
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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