Baozun (BZUN) Shares Gap Up to $40.18
Baozun Inc (NASDAQ:BZUN)’s share price gapped up prior to trading on Monday . The stock had previously closed at $41.31, but opened at $40.18. Baozun shares last traded at $39.91, with a volume of 24216 shares changing hands.
BZUN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Baozun from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. BidaskClub lowered shares of Baozun from a “sell” rating to a “strong sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Baozun presently has an average rating of “Hold” and a consensus price target of $48.47.
The stock has a market cap of $2.69 billion, a PE ratio of 73.05 and a beta of 3.73. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.76 and a current ratio of 2.12.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. lifted its holdings in Baozun by 3.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 1,401,330 shares of the technology company’s stock valued at $76,653,000 after acquiring an additional 42,880 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in Baozun by 7.5% in the 2nd quarter. Baillie Gifford & Co. now owns 730,610 shares of the technology company’s stock valued at $39,964,000 after acquiring an additional 50,976 shares during the last quarter. FMR LLC acquired a new stake in Baozun in the 2nd quarter valued at about $39,460,000. GAM Holding AG lifted its holdings in Baozun by 10.9% in the 2nd quarter. GAM Holding AG now owns 684,548 shares of the technology company’s stock valued at $37,445,000 after acquiring an additional 67,335 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Baozun by 30.3% in the 2nd quarter. Bank of America Corp DE now owns 655,963 shares of the technology company’s stock valued at $35,881,000 after acquiring an additional 152,591 shares during the last quarter. 49.34% of the stock is owned by institutional investors.
About Baozun (NASDAQ:BZUN)
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.
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