Baozun (NASDAQ:BZUN) CEO Wenbin Qiu Buys 5,700 Shares of Stock

Baozun Inc. (NASDAQ:BZUN) CEO Wenbin Qiu bought 5,700 shares of the company’s stock in a transaction on Wednesday, October 21st. The stock was bought at an average cost of $3.50 per share, with a total value of $19,950.00. Following the completion of the purchase, the chief executive officer owned 1,690,072 shares of the company’s stock, valued at approximately $5,915,252. The trade was a 0.34% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wenbin Qiu also recently made the following trade(s):

• On Monday, October 12th, Wenbin Qiu bought 6,000 shares of Baozun stock. The shares were bought at an average price of $3.34 per share, for a total transaction of $20,040.00.
• On Tuesday, October 13th, Wenbin Qiu purchased 5,800 shares of Baozun stock. The shares were bought at an average cost of $3.47 per share, for a total transaction of $20,126.00.
• On Monday, September 21st, Wenbin Qiu purchased 6,900 shares of Baozun stock. The shares were bought at an average cost of $2.85 per share, for a total transaction of $19,665.00.
• On Friday, September 18th, Wenbin Qiu purchased 7,000 shares of Baozun stock. The stock was bought at an average cost of $2.88 per share, with a total value of $20,160.00.
• On Wednesday, September 16th, Wenbin Qiu purchased 7,300 shares of Baozun stock. The stock was bought at an average cost of $2.74 per share, with a total value of $20,002.00.
• On Thursday, September 17th, Wenbin Qiu acquired 7,100 shares of Baozun stock. The stock was bought at an average price of $2.84 per share, with a total value of $20,164.00.
• On Monday, September 14th, Wenbin Qiu acquired 7,300 shares of Baozun stock. The stock was bought at an average price of $2.74 per share, with a total value of $20,002.00.

Baozun Stock Performance

NASDAQ:BZUN opened at $3.56 on Friday. Baozun Inc. has a 52-week low of $2.07 and a 52-week high of $3.92. The company has a market cap of $206.87 million, a price-to-earnings ratio of -10.79 and a beta of 0.39. The stock’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $2.85.

Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Friday, August 14th. The technology company reported $0.19 earnings per share for the quarter. Baozun had a positive return on equity of 2.55% and a negative net margin of 1.26%. The business had revenue of $403.74 million for the quarter.

Institutional Trading of Baozun

A hedge fund recently raised its position in Baozun stock. Dimensional Fund Advisors LP lifted its position in shares of Baozun Inc. (NASDAQ:BZUN) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 593,669 shares of the technology company’s stock after purchasing an additional 18,067 shares during the period. Dimensional Fund Advisors LP owned about 1.03% of Baozun worth $1,418,000 as of its most recent filing with the Securities and Exchange Commission. 47.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BZUN. CLSA upgraded shares of Baozun from a “hold” rating to an “outperform” rating and raised their price target for the company from $3.20 to $3.80 in a research note on Friday, August 28th. Wall Street Zen upgraded shares of Baozun from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Citigroup reiterated a “buy” rating on shares of Baozun in a research report on Thursday, August 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Baozun in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Baozun currently has an average rating of “Hold” and an average target price of $3.80.

Baozun Company Profile

Baozun Inc (NASDAQ: BZUN) is a China-based e-commerce services company that helps domestic and international brands establish, operate and grow their online businesses. The company provides an integrated suite of services covering digital storefront development, online sales operations, digital marketing, customer service, warehousing and logistics.

Baozun supports brands across major Chinese e-commerce platforms and other digital channels. Its services may be delivered through different operating models, including technology and service arrangements, distribution and online retail solutions.