Baozun (NASDAQ:BZUN) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Baozun (NASDAQ:BZUN) from a buy rating to a hold rating in a research report released on Monday morning.

Separately, Citigroup lifted their price objective on Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Baozun Trading Down 11.0 %

NASDAQ:BZUN opened at $3.32 on Monday. The stock has a market capitalization of $204.39 million, a P/E ratio of -6.15 and a beta of 0.32. Baozun has a 1 year low of $2.11 and a 1 year high of $4.38. The firm has a 50 day moving average of $3.13 and a 200-day moving average of $2.91.

Hedge Funds Weigh In On Baozun

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in Baozun by 138.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company’s stock worth $32,000 after purchasing an additional 6,772 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Baozun in the 4th quarter valued at $42,000. QRG Capital Management Inc. bought a new stake in shares of Baozun during the third quarter worth $50,000. Wolverine Trading LLC lifted its stake in shares of Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock valued at $52,000 after acquiring an additional 4,545 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Baozun by 95.5% in the fourth quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after acquiring an additional 11,683 shares during the last quarter. 47.29% of the stock is currently owned by institutional investors and hedge funds.

Baozun Company Profile

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.