Baozun (NASDAQ:BZUN) Given New $4.20 Price Target at Citigroup

Baozun (NASDAQ:BZUN) had its target price upped by Citigroup from $3.90 to $4.20 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Separately, CLSA lowered shares of Baozun from an “outperform” rating to a “hold” rating and decreased their price target for the stock from $2.80 to $2.20 in a report on Friday, August 30th.

Baozun Stock Up 2.4 %

BZUN opened at $2.59 on Tuesday. The stock has a market cap of $155.90 million, a price-to-earnings ratio of -4.80 and a beta of 0.36. Baozun has a twelve month low of $1.90 and a twelve month high of $4.38. The company’s 50-day moving average price is $3.07 and its two-hundred day moving average price is $2.70.

Baozun (NASDAQ:BZUN) last posted its earnings results on Wednesday, August 28th. The technology company reported ($0.07) earnings per share for the quarter. The firm had revenue of $329.01 million for the quarter. Baozun had a negative return on equity of 5.58% and a negative net margin of 2.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cetera Advisors LLC bought a new stake in Baozun during the first quarter valued at approximately $35,000. Virtu Financial LLC purchased a new position in Baozun during the first quarter valued at approximately $48,000. QRG Capital Management Inc. purchased a new position in shares of Baozun in the third quarter worth $50,000. Wolverine Trading LLC lifted its holdings in shares of Baozun by 42.5% in the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after buying an additional 4,545 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Baozun during the second quarter valued at $55,000. 47.29% of the stock is owned by hedge funds and other 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.