Baozun (NASDAQ:BZUN) Upgraded by StockNews.com to “Buy” Rating

Baozun (NASDAQ:BZUN) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Separately, Citigroup boosted their target price on shares of Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Baozun Stock Performance

Shares of NASDAQ BZUN traded up $0.11 during mid-day trading on Friday, reaching $2.88. The company had a trading volume of 310,571 shares, compared to its average volume of 385,552. The firm has a market cap of $177.29 million, a price-to-earnings ratio of -5.33 and a beta of 0.31. The business’s 50-day simple moving average is $2.77 and its 200 day simple moving average is $2.76. Baozun has a one year low of $1.92 and a one year high of $4.38.

Institutional Trading of Baozun

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in Baozun by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock valued at $1,452,000 after acquiring an additional 117,502 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Baozun during the 2nd quarter valued at approximately $55,000. Mackenzie Financial Corp acquired a new position in Baozun during the 2nd quarter worth approximately $165,000. SG Americas Securities LLC acquired a new position in Baozun during the 3rd quarter worth approximately $69,000. Finally, QRG Capital Management Inc. acquired a new position in Baozun during the 3rd quarter worth approximately $50,000. 47.29% of the stock is currently owned by institutional investors.

About Baozun

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.