Baozun (NASDAQ:BZUN) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $35.93 price objective on the technology company’s stock. Vetr‘s price objective would suggest a potential upside of 3.07% from the stock’s previous close.

BZUN has been the subject of several other reports. Zacks Investment Research cut Baozun from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Bank of America upped their target price on Baozun from $34.00 to $38.00 and gave the company a “buy” rating in a report on Monday, September 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.79.

Shares of Baozun (NASDAQ BZUN) opened at $34.86 on Monday. The stock has a market capitalization of $1,910.00 and a price-to-earnings ratio of 105.64. Baozun has a twelve month low of $11.92 and a twelve month high of $40.65.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZUN. TB Alternative Assets Ltd. purchased a new position in shares of Baozun during the 3rd quarter worth $44,810,000. Ariose Capital Management Ltd purchased a new position in shares of Baozun during the 3rd quarter worth $30,886,000. Tairen Capital Ltd grew its holdings in shares of Baozun by 94.6% during the 2nd quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock worth $21,456,000 after purchasing an additional 864,041 shares during the period. Franklin Resources Inc. purchased a new position in shares of Baozun during the 2nd quarter worth $16,599,000. Finally, Flowering Tree Investment Management Pte. Ltd. purchased a new position in shares of Baozun during the 2nd quarter worth $8,567,000. Institutional investors and hedge funds own 38.35% of the company’s stock.

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About Baozun

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.

To view Vetr’s full report, visit Vetr’s official website.

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