Citigroup Issues Positive Forecast for Baozun (NASDAQ:BZUN) Stock Price

Baozun (NASDAQ:BZUN) had its price target upped by analysts at Citigroup from $3.90 to $4.20 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Citigroup’s price target suggests a potential upside of 64.06% from the company’s previous close.

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

Baozun Trading Up 1.2 %

NASDAQ BZUN traded up $0.03 on Tuesday, hitting $2.56. 40,378 shares of the company’s stock traded hands, compared to its average volume of 520,422. The firm has a market capitalization of $154.09 million, a PE ratio of -4.74 and a beta of 0.36. The firm’s 50-day moving average price is $3.07 and its two-hundred day moving average price is $2.70. Baozun has a 1-year low of $1.90 and a 1-year high of $4.38.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BZUN. Acadian Asset Management LLC increased its holdings in shares of Baozun by 55.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company’s stock worth $2,335,000 after purchasing an additional 356,096 shares during the period. Barclays PLC grew its holdings in shares of Baozun by 2,153.5% during the 3rd quarter. Barclays PLC now owns 160,000 shares of the technology company’s stock worth $573,000 after purchasing an additional 152,900 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Baozun by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock valued at $1,452,000 after purchasing an additional 117,502 shares during the period. Walleye Capital LLC raised its stake in shares of Baozun by 203.4% in the third quarter. Walleye Capital LLC now owns 150,441 shares of the technology company’s stock valued at $539,000 after purchasing an additional 100,852 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Baozun during the third quarter worth $353,000. 47.29% of the stock is owned by institutional investors and hedge funds.

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.