Baozun Inc (NASDAQ:BZUN) dropped 0% during mid-day trading on Friday . The stock traded as low as $45.28 and last traded at $45.46. Approximately 2,019,827 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 2,401,389 shares. The stock had previously closed at $45.45.
BZUN has been the subject of several analyst reports. Zacks Investment Research lowered Baozun from a “hold” rating to a “sell” rating in a research note on Tuesday, November 28th. Vetr lowered Baozun from a “strong-buy” rating to a “buy” rating and set a $34.52 price objective for the company. in a research note on Tuesday, December 19th. BidaskClub raised Baozun from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Finally, Bank of America raised their price objective on Baozun from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.59.
The firm has a market cap of $2,479.14, a P/E ratio of 75.88 and a beta of 4.29.
Several large investors have recently bought and sold shares of the company. Trustcore Financial Services LLC bought a new stake in shares of Baozun during the 4th quarter worth approximately $103,000. SG Americas Securities LLC bought a new stake in shares of Baozun during the 4th quarter worth approximately $108,000. Legal & General Group Plc bought a new stake in shares of Baozun during the 3rd quarter worth approximately $137,000. Castleark Management LLC bought a new stake in shares of Baozun during the 4th quarter worth approximately $145,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Baozun during the 3rd quarter worth approximately $187,000. 44.21% of the stock is owned by institutional investors and hedge funds.
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Baozun Company Profile
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.
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