Baozun (NASDAQ:BZUN) Rating Increased to Buy at StockNews.com

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

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

Baozun Price Performance

BZUN opened at $3.00 on Friday. The stock’s 50 day simple moving average is $3.25 and its 200 day simple moving average is $3.03. Baozun has a 1 year low of $2.11 and a 1 year high of $4.38. The firm has a market cap of $184.69 million, a price-to-earnings ratio of -5.56 and a beta of 0.39.

Institutional Investors Weigh In On Baozun

Large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Baozun in the 3rd quarter worth approximately $353,000. Barclays PLC grew its position in shares of Baozun by 2,153.5% in the 3rd quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock worth $573,000 after buying an additional 152,900 shares during the last quarter. State Street Corp bought a new stake in shares of Baozun in the 3rd quarter worth approximately $170,000. QRG Capital Management Inc. grew its position in shares of Baozun by 50.8% in the 4th quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock worth $57,000 after buying an additional 7,108 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Baozun by 95.5% in the 4th 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 period. 47.29% of the stock is currently owned by 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.