Renaissance Technologies LLC Boosts Holdings in Baozun Inc. (NASDAQ:BZUN)

Renaissance Technologies LLC grew its stake in Baozun Inc. (NASDAQ:BZUN) by 38.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 273,053 shares of the technology company’s stock after buying an additional 76,537 shares during the quarter. Renaissance Technologies LLC’s holdings in Baozun were worth $743,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. QRG Capital Management Inc. grew its holdings in shares of Baozun by 50.8% during the fourth quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock worth $57,000 after purchasing an additional 7,108 shares during the last quarter. New York State Common Retirement Fund increased its stake in Baozun by 95.5% in the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after buying an additional 11,683 shares during the period. State Street Corp purchased a new position in Baozun during the third quarter worth about $170,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Baozun in the fourth quarter valued at approximately $232,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Baozun by 77.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 92,523 shares of the technology company’s stock valued at $252,000 after purchasing an additional 40,364 shares in the last quarter. 47.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Baozun from a “buy” rating to a “strong-buy” rating in a research report on Wednesday.

Baozun Stock Performance

Baozun stock opened at $2.64 on Friday. Baozun Inc. has a one year low of $2.11 and a one year high of $4.38. The firm has a market capitalization of $162.52 million, a PE ratio of -4.89 and a beta of 0.39. The stock’s 50 day moving average price is $2.78 and its 200 day moving average price is $2.93.

Baozun 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.