Baozun (NASDAQ:BZUN) Upgraded at StockNews.com

StockNews.com upgraded shares of Baozun (NASDAQ:BZUN) from a hold rating to a buy rating in a report published on Friday.

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

Baozun Stock Down 2.0 %

Shares of NASDAQ:BZUN opened at $3.00 on Friday. The company has a 50-day moving average price of $3.25 and a two-hundred day moving average price of $3.05. Baozun has a twelve month low of $2.11 and a twelve month high of $4.38. The firm has a market capitalization of $184.69 million, a PE ratio of -5.56 and a beta of 0.39.

Institutional Investors Weigh In On Baozun

A number of institutional investors have recently added to or reduced their stakes in BZUN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Baozun in the third quarter worth $353,000. Barclays PLC grew its stake in Baozun by 2,153.5% in the third quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock valued at $573,000 after purchasing an additional 152,900 shares during the last quarter. State Street Corp purchased a new position in Baozun in the third quarter valued at about $170,000. QRG Capital Management Inc. grew its stake in Baozun by 50.8% in the fourth quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock valued at $57,000 after purchasing an additional 7,108 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in Baozun by 95.5% in the fourth quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after purchasing an additional 11,683 shares during the last quarter. 47.29% of the stock is owned by hedge funds and other institutional investors.

Baozun Company Profile

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.