Vetr upgraded shares of Baozun (NASDAQ:BZUN) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning. They currently have $44.02 target price on the technology company’s stock.
BZUN has been the topic of several other reports. Zacks Investment Research cut Baozun from a hold rating to a sell rating in a research note on Tuesday, November 28th. Bank of America boosted their price objective on Baozun from $38.00 to $44.00 and gave the stock a buy rating in a research note on Tuesday, January 30th. Finally, BidaskClub raised Baozun from a hold rating to a buy rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Baozun has a consensus rating of Hold and a consensus price target of $38.78.
Shares of Baozun (NASDAQ:BZUN) traded up $0.10 during mid-day trading on Thursday, hitting $47.88. The stock had a trading volume of 2,740,000 shares, compared to its average volume of 2,590,000. Baozun has a 1 year low of $13.95 and a 1 year high of $48.94. The company has a market capitalization of $2,620.00 and a PE ratio of 85.50.
A number of hedge funds and other institutional investors have recently modified their holdings of BZUN. Wells Fargo & Company MN bought a new stake in Baozun during the second quarter worth approximately $435,000. TIAA CREF Investment Management LLC increased its stake in Baozun by 11.3% during the second quarter. TIAA CREF Investment Management LLC now owns 18,700 shares of the technology company’s stock worth $415,000 after acquiring an additional 1,900 shares during the last quarter. Northern Trust Corp boosted its position in shares of Baozun by 9.6% during the second quarter. Northern Trust Corp now owns 23,651 shares of the technology company’s stock valued at $524,000 after buying an additional 2,066 shares during the period. California Public Employees Retirement System purchased a new position in shares of Baozun during the second quarter valued at approximately $406,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Baozun during the second quarter valued at approximately $3,264,000. 44.63% of the stock is currently owned by institutional investors.
Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
To view Vetr’s full report, visit Vetr’s official website.
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