BidaskClub Downgrades Baozun (BZUN) to Sell
BidaskClub cut shares of Baozun (NASDAQ:BZUN) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.
Several other equities research analysts also recently commented on the company. Zacks Investment Research raised Baozun from a sell rating to a hold rating in a report on Saturday, July 14th. TheStreet raised Baozun from a c rating to a b- rating in a report on Monday, May 21st. Finally, ValuEngine raised Baozun from a hold rating to a buy rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $42.68.
Shares of BZUN stock opened at $50.70 on Thursday. Baozun has a fifty-two week low of $25.74 and a fifty-two week high of $67.41. The stock has a market cap of $3.06 billion, a P/E ratio of 92.18 and a beta of 3.87. The company has a quick ratio of 2.09, a current ratio of 2.48 and a debt-to-equity ratio of 0.03.
Several hedge funds and other institutional investors have recently made changes to their positions in BZUN. FMR LLC purchased a new stake in shares of Baozun during the second quarter valued at $39,460,000. Franklin Resources Inc. lifted its holdings in shares of Baozun by 30.6% during the first quarter. Franklin Resources Inc. now owns 2,712,406 shares of the technology company’s stock valued at $124,445,000 after purchasing an additional 634,840 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Baozun during the first quarter valued at $16,883,000. Fosun International Ltd lifted its holdings in shares of Baozun by 65.3% during the first quarter. Fosun International Ltd now owns 719,157 shares of the technology company’s stock valued at $32,995,000 after purchasing an additional 284,107 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Baozun during the second quarter valued at $9,211,000. 46.12% of the stock is owned by institutional investors and hedge funds.
Baozun Company Profile
Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
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