Baozun (NASDAQ:BZUN) Price Target Raised to $4.20

Baozun (NASDAQ:BZUN) had its price objective increased by Citigroup from $3.90 to $4.20 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Separately, CLSA lowered Baozun from an “outperform” rating to a “hold” rating and lowered their target price for the stock from $2.80 to $2.20 in a research report on Friday, August 30th.

Baozun Trading Up 4.2 %

Shares of NASDAQ BZUN opened at $2.70 on Tuesday. The firm’s 50-day moving average price is $3.08 and its 200-day moving average price is $2.70. The firm has a market capitalization of $162.51 million, a P/E ratio of -5.00 and a beta of 0.36. Baozun has a 1-year low of $1.90 and a 1-year high of $4.38.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Wednesday, August 28th. The technology company reported ($0.07) earnings per share for the quarter. Baozun had a negative return on equity of 5.58% and a negative net margin of 2.55%. The firm had revenue of $329.01 million for the quarter.

Hedge Funds Weigh In On Baozun

Several large investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC increased its holdings in Baozun by 42.5% during 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. QRG Capital Management Inc. bought a new stake in Baozun during the third quarter worth $50,000. Cetera Advisors LLC purchased a new stake in Baozun in the 1st quarter valued at $35,000. PEAK6 Investments LLC lifted its stake in Baozun by 29.9% during the 3rd quarter. PEAK6 Investments LLC now owns 78,070 shares of the technology company’s stock valued at $279,000 after acquiring an additional 17,970 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Baozun during the 3rd quarter worth $69,000. Institutional investors own 47.29% of the company’s stock.

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.