Prudential PLC cut its holdings in Baozun Inc (NASDAQ:BZUN) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 328,859 shares of the technology company’s stock after selling 2,684 shares during the quarter. Prudential PLC owned about 0.53% of Baozun worth $16,397,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Federated Investors Inc. PA lifted its stake in Baozun by 9.0% in the first quarter. Federated Investors Inc. PA now owns 3,653,920 shares of the technology company’s stock valued at $151,784,000 after acquiring an additional 301,992 shares during the last quarter. Invesco Ltd. raised its position in shares of Baozun by 1,808.7% in the second quarter. Invesco Ltd. now owns 3,431,600 shares of the technology company’s stock valued at $171,099,000 after purchasing an additional 3,251,811 shares during the period. RWC Asset Advisors US LLC raised its position in shares of Baozun by 102.1% in the second quarter. RWC Asset Advisors US LLC now owns 2,151,660 shares of the technology company’s stock valued at $107,282,000 after purchasing an additional 1,086,802 shares during the period. Green Court Capital Management Ltd bought a new position in shares of Baozun in the second quarter valued at approximately $93,711,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Baozun by 0.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,462,704 shares of the technology company’s stock valued at $72,930,000 after purchasing an additional 12,100 shares during the period. Hedge funds and other institutional investors own 66.76% of the company’s stock.
A number of research firms have recently commented on BZUN. CLSA set a $64.00 price target on shares of Baozun and gave the company a “buy” rating in a research report on Friday, July 12th. ValuEngine lowered shares of Baozun from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on shares of Baozun in a research report on Monday, August 5th. They issued a “buy” rating and a $59.20 price target on the stock. Credit Suisse Group reaffirmed an “outperform” rating on shares of Baozun in a research report on Wednesday, July 17th. Finally, Macquarie assumed coverage on shares of Baozun in a research report on Friday, July 5th. They set a “buy” rating and a $60.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Baozun presently has an average rating of “Buy” and an average price target of $54.24.
BZUN stock traded up $0.90 on Monday, reaching $43.38. 293,026 shares of the company were exchanged, compared to its average volume of 1,200,849. Baozun Inc has a 12 month low of $27.81 and a 12 month high of $56.47. The stock’s fifty day moving average price is $45.48 and its 200 day moving average price is $44.53. The firm has a market capitalization of $2.72 billion, a PE ratio of 65.73 and a beta of 3.24. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.94 and a quick ratio of 2.55.
Baozun (NASDAQ:BZUN) last announced its earnings results on Wednesday, August 21st. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($1.21). Baozun had a return on equity of 14.50% and a net margin of 5.05%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.96 EPS. The company’s revenue was up 47.0% compared to the same quarter last year. As a group, research analysts expect that Baozun Inc will post 1.04 EPS for the current fiscal year.
Baozun Company Profile
Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale 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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