Baozun (BZUN) Shares Up -0.5%
Baozun Inc (NASDAQ:BZUN)’s share price shot up 0.5% on Friday . The stock traded as high as $48.94 and last traded at $47.54. 2,179,686 shares traded hands during trading, a decline of 4% from the average session volume of 2,266,784 shares. The stock had previously closed at $47.78.
Several brokerages have recently weighed in on BZUN. Vetr downgraded Baozun from a “strong-buy” rating to a “strong sell” rating and set a $41.88 price target for the company. in a report on Tuesday, March 6th. Bank of America raised their price target on Baozun from $38.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. BidaskClub upgraded Baozun from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded Baozun from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.78.
The stock has a market cap of $2,617.79, a price-to-earnings ratio of 81.15 and a beta of 4.29.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN bought a new stake in Baozun in the 2nd quarter worth about $435,000. Pictet Asset Management Ltd. bought a new stake in Baozun in the 3rd quarter worth about $2,547,000. Trustcore Financial Services LLC bought a new stake in Baozun in the 4th quarter worth about $103,000. Global X MANAGEMENT CO LLC increased its holdings in Baozun by 43.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 9,691 shares of the technology company’s stock worth $317,000 after buying an additional 2,932 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Baozun by 10.0% in the 4th quarter. American Century Companies Inc. now owns 295,185 shares of the technology company’s stock worth $9,316,000 after buying an additional 26,715 shares in the last quarter. Institutional investors own 44.63% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Baozun (BZUN) Shares Up -0.5%” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2018/03/11/baozun-bzun-shares-up-0-5.html.
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.
Receive News & Ratings for Baozun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun and related companies with MarketBeat.com's FREE daily email newsletter.