Northwestern Mutual Wealth Management Co. Buys 754,658 Shares of Baozun Inc. $BZUN

Northwestern Mutual Wealth Management Co. raised its stake in shares of Baozun Inc. (NASDAQ:BZUN) by 75,465,800.0% in the 4th quarter, HoldingsChannel reports. The firm owned 754,659 shares of the technology company’s stock after purchasing an additional 754,658 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Baozun were worth $2,007,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BZUN. JPMorgan Chase & Co. lifted its position in Baozun by 6.0% during the second quarter. JPMorgan Chase & Co. now owns 171,051 shares of the technology company’s stock valued at $428,000 after purchasing an additional 9,627 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Baozun by 3.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 388,479 shares of the technology company’s stock valued at $971,000 after purchasing an additional 14,622 shares during the last quarter. Jump Financial LLC bought a new stake in Baozun during the second quarter valued at approximately $174,000. Qube Research & Technologies Ltd lifted its position in Baozun by 109.6% during the second quarter. Qube Research & Technologies Ltd now owns 148,950 shares of the technology company’s stock valued at $372,000 after purchasing an additional 77,891 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Baozun during the second quarter valued at approximately $40,000. 47.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Wenbin Qiu purchased 16,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average cost of $3.14 per share, for a total transaction of $50,240.00. Following the acquisition, the chief executive officer directly owned 1,433,872 shares of the company’s stock, valued at $4,502,358.08. This represents a 1.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Junhua Wu purchased 11,084 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were purchased at an average price of $2.49 per share, with a total value of $27,599.16. Following the completion of the acquisition, the insider directly owned 138,770 shares in the company, valued at $345,537.30. The trade was a 8.68% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 207,092 shares of company stock valued at $536,882 over the last quarter. 59.20% of the stock is currently owned by company insiders.

Baozun Stock Performance

Shares of BZUN opened at $2.59 on Wednesday. The firm has a market cap of $149.83 million, a price-to-earnings ratio of -5.76 and a beta of 0.52. Baozun Inc. has a fifty-two week low of $2.07 and a fifty-two week high of $4.88. The firm has a 50 day moving average price of $2.58 and a 200-day moving average price of $2.69.

Baozun (NASDAQ:BZUN) last announced its quarterly earnings data on Friday, May 15th. The technology company reported $0.00 earnings per share for the quarter. The firm had revenue of $345.35 million during the quarter. Baozun had a negative net margin of 1.80% and a positive return on equity of 1.68%.

Analysts Set New Price Targets

BZUN has been the subject of a number of recent research reports. Zacks Research upgraded shares of Baozun to a “hold” rating in a report on Wednesday, February 18th. Wall Street Zen upgraded shares of Baozun from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Baozun in a report on Monday, April 20th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce”.

Baozun Profile

Baozun Inc is a leading pure-play e-commerce solutions provider based in Shanghai, China. The company specializes in helping global and domestic brands establish and manage their online stores across major Chinese platforms, including Tmall, JD.com, and WeChat. By offering a one-stop service model, Baozun enables brand owners to outsource the complexities of digital retail operations and focus on product development and customer engagement.

The company’s suite of services encompasses store design and setup, digital marketing and promotion, technology integration, order fulfillment, warehousing and logistics, customer care, and data analytics.