Elephas Investment Management Ltd bought a new position in shares of Baozun Inc (NASDAQ:BZUN) during the 4th quarter, Holdings Channel reports. The firm bought 469,200 shares of the technology company’s stock, valued at approximately $14,808,000. Baozun makes up about 3.8% of Elephas Investment Management Ltd’s investment portfolio, making the stock its 11th largest position.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN purchased a new position in Baozun during the 2nd quarter worth $435,000. Pictet Asset Management Ltd. purchased a new position in Baozun during the 3rd quarter worth $2,547,000. Trustcore Financial Services LLC purchased a new position in Baozun during the 4th quarter worth $103,000. Global X MANAGEMENT CO LLC grew its stake in Baozun by 43.4% during 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 during the last quarter. Finally, American Century Companies Inc. lifted its position in Baozun by 10.0% during the 4th quarter. American Century Companies Inc. now owns 295,185 shares of the technology company’s stock worth $9,316,000 after acquiring an additional 26,715 shares during the period. Hedge funds and other institutional investors own 44.63% of the company’s stock.

Shares of Baozun Inc (NASDAQ:BZUN) opened at $47.88 on Friday. Baozun Inc has a 52-week low of $13.95 and a 52-week high of $48.94. The company has a market capitalization of $2,617.79, a PE ratio of 87.06 and a beta of 4.29.

Baozun (NASDAQ:BZUN) last issued its quarterly earnings results on Tuesday, March 6th. The technology company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.07. Baozun had a return on equity of 13.70% and a net margin of 5.10%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The firm’s revenue was up 23.0% compared to the same quarter last year. research analysts predict that Baozun Inc will post 1.01 earnings per share for the current year.

A number of brokerages have commented on BZUN. Vetr cut Baozun from a “hold” rating to a “sell” rating and set a $44.90 price target for the company. in a research report on Monday. Bank of America lifted their price target on Baozun from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised Baozun from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, BidaskClub raised Baozun from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $38.78.

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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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Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

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