CIBC World Markets Inc. bought a new stake in shares of Baozun Inc (NASDAQ:BZUN) in the second quarter, HoldingsChannel reports. The fund bought 10,145 shares of the technology company’s stock, valued at approximately $555,000.

Several other institutional investors have also recently made changes to their positions in the business. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of Baozun by 18.2% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,375 shares of the technology company’s stock valued at $355,000 after acquiring an additional 980 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Baozun by 7.6% during the first quarter. Global X Management Co. LLC now owns 15,337 shares of the technology company’s stock valued at $704,000 after acquiring an additional 1,078 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of Baozun by 26.3% during the second quarter. Kovack Advisors Inc. now owns 5,808 shares of the technology company’s stock valued at $318,000 after acquiring an additional 1,210 shares during the last quarter. Truewealth LLC raised its holdings in shares of Baozun by 85.9% during the first quarter. Truewealth LLC now owns 4,339 shares of the technology company’s stock valued at $199,000 after acquiring an additional 2,005 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of Baozun by 39.1% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,000 shares of the technology company’s stock valued at $438,000 after acquiring an additional 2,250 shares during the last quarter. 48.63% of the stock is owned by institutional investors and hedge funds.

BZUN stock opened at $53.86 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.12 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $3.16 billion, a PE ratio of 100.05 and a beta of 3.87. Baozun Inc has a 1 year low of $26.03 and a 1 year high of $67.41.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Tuesday, August 14th. The technology company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.87. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.07 billion. Baozun had a return on equity of 12.12% and a net margin of 4.85%. The business’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. equities research analysts predict that Baozun Inc will post 0.9 EPS for the current fiscal year.

A number of equities analysts have commented on BZUN shares. TheStreet raised Baozun from a “c” rating to a “b-” rating in a report on Monday, May 21st. Zacks Investment Research upgraded Baozun from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. Finally, BidaskClub upgraded Baozun from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $45.85.

About Baozun

Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.

Further Reading: Google Finance Portfolio

Want to see what other hedge funds are holding BZUN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baozun Inc (NASDAQ:BZUN).

Institutional Ownership by Quarter for Baozun (NASDAQ:BZUN)

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.