Baozun (BZUN) Upgraded by BidaskClub to Buy
BidaskClub upgraded shares of Baozun (NASDAQ:BZUN) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.
A number of other research analysts have also recently weighed in on the company. Bank of America lifted their price objective on Baozun from $34.00 to $38.00 and gave the company a buy rating in a research report on Monday, September 11th. Vetr raised Baozun from a buy rating to a strong-buy rating and set a $39.10 price objective on the stock in a research report on Monday, October 9th. Finally, Zacks Investment Research cut Baozun from a hold rating to a sell rating in a research report on Tuesday, November 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Baozun has a consensus rating of Hold and an average target price of $35.79.
Baozun (NASDAQ:BZUN) traded up $1.07 during mid-day trading on Tuesday, hitting $36.87. The stock had a trading volume of 1,699,533 shares, compared to its average volume of 1,940,000. Baozun has a 12-month low of $12.83 and a 12-month high of $40.65. The stock has a market cap of $2,020.00 and a PE ratio of 111.73.
Several hedge funds have recently bought and sold shares of BZUN. TB Alternative Assets Ltd. purchased a new position in shares of Baozun during the 3rd quarter valued at about $44,810,000. WIM Asset Management HK Ltd purchased a new position in shares of Baozun during the 4th quarter valued at about $30,651,000. Ariose Capital Management Ltd bought a new stake in Baozun during the 3rd quarter valued at approximately $30,886,000. Tairen Capital Ltd raised its stake in Baozun by 94.6% during the 2nd quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock valued at $21,456,000 after purchasing an additional 864,041 shares during the period. Finally, Franklin Resources Inc. bought a new stake in Baozun during the 2nd quarter valued at approximately $16,599,000. 38.35% of the stock is currently owned by hedge funds and other institutional investors.
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Baozun Company Profile
Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
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