Baozun Inc. (NASDAQ:BZUN)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $26.48, but opened at $27.44. Baozun shares last traded at $27.58, with a volume of 2100800 shares changing hands.

A number of equities analysts recently weighed in on BZUN shares. Citigroup started coverage on shares of Baozun in a research report on Thursday, August 31st. They issued a “buy” rating and a $38.00 price objective on the stock. Bank of America lifted their price objective on shares of Baozun from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, September 11th. Vetr upgraded shares of Baozun from a “buy” rating to a “strong-buy” rating and set a $39.10 target price on the stock in a research report on Monday, October 9th. Finally, Zacks Investment Research lowered shares of Baozun from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.54.

The company has a market cap of $1,490.38, a PE ratio of 74.16 and a beta of 4.43.

Several hedge funds and other institutional investors have recently modified their holdings of BZUN. Bank of America Corp DE boosted its position in shares of Baozun by 94.8% during the 1st quarter. Bank of America Corp DE now owns 174,506 shares of the technology company’s stock worth $2,608,000 after purchasing an additional 84,936 shares in the last quarter. Credit Suisse AG boosted its position in shares of Baozun by 5.7% during the 1st quarter. Credit Suisse AG now owns 27,208 shares of the technology company’s stock worth $406,000 after purchasing an additional 1,463 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Baozun by 269.1% during the 2nd quarter. Bank of Montreal Can now owns 22,482 shares of the technology company’s stock worth $499,000 after purchasing an additional 16,391 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Baozun during the 2nd quarter worth $946,000. Finally, Pioneer Investment Management Inc. boosted its position in shares of Baozun by 1.3% during the 2nd quarter. Pioneer Investment Management Inc. now owns 166,131 shares of the technology company’s stock worth $3,683,000 after purchasing an additional 2,140 shares in the last quarter. Institutional investors own 38.35% of the company’s stock.

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About Baozun

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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