Baozun Inc. (NASDAQ:BZUN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.15 and traded as high as $3.22. Baozun shares last traded at $3.06, with a volume of 361,914 shares trading hands.
Wall Street Analyst Weigh In
BZUN has been the topic of a number of research reports. Citigroup boosted their target price on shares of Baozun from $3.90 to $4.20 and gave the company a "buy" rating in a research report on Tuesday, November 26th. StockNews.com cut shares of Baozun from a "buy" rating to a "hold" rating in a research report on Monday, February 24th.
Check Out Our Latest Stock Report on BZUN
Baozun Stock Up 0.8 %
The business has a 50-day moving average price of $3.15 and a two-hundred day moving average price of $2.96. The company has a market capitalization of $204.08 million, a price-to-earnings ratio of -6.14 and a beta of 0.32.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Schroder Investment Management Group raised its holdings in shares of Baozun by 16.5% in the 4th quarter. Schroder Investment Management Group now owns 2,301,500 shares of the technology company's stock worth $6,352,000 after acquiring an additional 326,388 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Baozun by 103.5% in the fourth quarter. Walleye Capital LLC now owns 306,091 shares of the technology company's stock worth $833,000 after purchasing an additional 155,650 shares during the last quarter. Barclays PLC lifted its holdings in shares of Baozun by 2,153.5% in the third quarter. Barclays PLC now owns 160,000 shares of the technology company's stock valued at $573,000 after purchasing an additional 152,900 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Baozun during the fourth quarter valued at approximately $332,000. Finally, Bank of America Corp DE boosted its position in shares of Baozun by 44,379.3% during the fourth quarter. Bank of America Corp DE now owns 100,968 shares of the technology company's stock valued at $275,000 after buying an additional 100,741 shares during the last quarter. 47.29% of the stock is currently owned by institutional investors and hedge funds.
About Baozun
(
Get Free Report)
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.
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