Baozun (NASDAQ:BZUN) Raised to Buy at StockNews.com

Baozun (NASDAQ:BZUN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, Citigroup upped their price target on shares of Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Baozun Trading Up 4.0 %

Shares of NASDAQ:BZUN traded up $0.11 on Friday, hitting $2.88. The company had a trading volume of 310,571 shares, compared to its average volume of 385,552. The stock has a market cap of $177.29 million, a price-to-earnings ratio of -5.33 and a beta of 0.31. The stock has a 50 day moving average price of $2.77 and a 200 day moving average price of $2.76. Baozun has a 1-year low of $1.92 and a 1-year high of $4.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BZUN. QRG Capital Management Inc. acquired a new stake in shares of Baozun during the third quarter worth $50,000. Wolverine Trading LLC raised its stake in Baozun by 42.5% in the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after purchasing an additional 4,545 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Baozun in the 3rd quarter worth about $69,000. Marshall Wace LLP bought a new stake in Baozun in the 2nd quarter valued at about $55,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Baozun during the 3rd quarter worth approximately $148,000. 47.29% of the stock is owned by institutional investors and hedge funds.

About Baozun

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.