Baozun (BZUN) Upgraded by Vetr to Hold
Vetr upgraded shares of Baozun (NASDAQ:BZUN) from a sell rating to a hold rating in a research note released on Wednesday. The brokerage currently has $48.97 price objective on the technology company’s stock.
BZUN has been the topic of several other reports. BidaskClub raised shares of Baozun from a hold rating to a buy rating in a research report on Tuesday, January 9th. Zacks Investment Research downgraded shares of Baozun from a hold rating to a sell rating in a research report on Tuesday, November 28th. Finally, Bank of America increased their target price on shares of Baozun from $38.00 to $44.00 and gave the stock a buy rating in a research report on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Baozun has an average rating of Buy and an average target price of $39.59.
BZUN stock opened at $50.48 on Wednesday. Baozun has a one year low of $13.95 and a one year high of $52.33. The firm has a market cap of $2,840.74, a price-to-earnings ratio of 91.78 and a beta of 4.29.
Institutional investors have recently bought and sold shares of the business. Trustcore Financial Services LLC acquired a new position in Baozun during the fourth quarter worth $103,000. SG Americas Securities LLC acquired a new position in Baozun during the fourth quarter worth $108,000. Legal & General Group Plc acquired a new position in Baozun during the third quarter worth $137,000. Castleark Management LLC acquired a new position in Baozun during the fourth quarter worth $145,000. Finally, Calton & Associates Inc. acquired a new position in Baozun during the fourth quarter worth $199,000. 44.21% of the stock is currently owned by hedge funds and other institutional investors.
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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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