Baozun (NASDAQ:BZUN) Stock Price Up 6.5%

Baozun Inc. (NASDAQ:BZUNGet Rating)’s stock price traded up 6.5% during mid-day trading on Monday . The company traded as high as $7.99 and last traded at $7.99. 472,542 shares were traded during trading, a decline of 58% from the average session volume of 1,129,639 shares. The stock had previously closed at $7.50.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. upgraded Baozun from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $9.00 to $10.00 in a research note on Wednesday, January 11th. Citigroup decreased their price target on shares of Baozun from $8.30 to $6.60 and set a “buy” rating on the stock in a report on Wednesday, November 30th. Daiwa Capital Markets raised Baozun from a “neutral” rating to an “outperform” rating in a research note on Friday, January 20th. Finally, StockNews.com upgraded Baozun from a “sell” rating to a “hold” rating in a research note on Thursday, December 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.18.

Baozun Price Performance

The stock has a 50 day moving average of $5.52 and a 200 day moving average of $6.56.

Baozun (NASDAQ:BZUNGet Rating) last issued its quarterly earnings results on Tuesday, November 29th. The technology company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). Baozun had a negative net margin of 4.08% and a negative return on equity of 7.77%. The business had revenue of $244.78 million for the quarter, compared to the consensus estimate of $266.60 million. On average, equities analysts forecast that Baozun Inc. will post -0.47 EPS for the current year.

Institutional Trading of Baozun

Several hedge funds and other institutional investors have recently bought and sold shares of BZUN. State Street Corp lifted its holdings in Baozun by 7.9% in the 3rd quarter. State Street Corp now owns 395,598 shares of the technology company’s stock worth $2,469,000 after buying an additional 28,970 shares during the period. BlackRock Inc. boosted its holdings in Baozun by 7.9% in the third quarter. BlackRock Inc. now owns 1,513,662 shares of the technology company’s stock valued at $9,506,000 after acquiring an additional 111,447 shares in the last quarter. Caxton Associates LP increased its position in Baozun by 25.6% during the 3rd quarter. Caxton Associates LP now owns 25,849 shares of the technology company’s stock valued at $162,000 after purchasing an additional 5,270 shares during the period. Renaissance Technologies LLC raised its holdings in Baozun by 8.8% in the 3rd quarter. Renaissance Technologies LLC now owns 158,016 shares of the technology company’s stock worth $992,000 after purchasing an additional 12,800 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Baozun by 8.6% in the third quarter. Nuveen Asset Management LLC now owns 2,249,555 shares of the technology company’s stock worth $14,127,000 after buying an additional 178,000 shares in the last quarter. Institutional investors own 31.17% of the company’s stock.

Baozun Company Profile

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Baozun Inc, through its subsidiaries, provides e-commerce solutions to brand partners in the People's Republic of China. The company offers IT infrastructure setup and integration, online store design and setup, online store operations, visual merchandising and marketing campaigns, customer services, and warehousing and order fulfilment.

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