Baozun (NASDAQ:BZUN) Cut to “Hold” at StockNews.com

Baozun (NASDAQ:BZUN) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

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

Baozun Price Performance

BZUN stock opened at $3.31 on Monday. The company’s 50-day moving average is $3.14 and its 200-day moving average is $2.92. The stock has a market capitalization of $203.77 million, a PE ratio of -6.13 and a beta of 0.32. Baozun has a 1 year low of $2.11 and a 1 year high of $4.38.

Hedge Funds Weigh In On Baozun

Several large investors have recently bought and sold shares of BZUN. Tower Research Capital LLC TRC boosted its stake in shares of 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 buying an additional 6,772 shares during the last quarter. QRG Capital Management Inc. bought a new position in Baozun during the third quarter valued at about $50,000. Wolverine Trading LLC increased its holdings in Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after buying an additional 4,545 shares during the last quarter. Jane Street Group LLC purchased a new stake in Baozun during the fourth quarter worth about $42,000. Finally, SG Americas Securities LLC purchased a new position in Baozun in the third quarter valued at about $69,000. 47.29% of the stock is currently owned by institutional investors.

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.