Baozun (NASDAQ:BZUN) Raised to Buy at StockNews.com

Baozun (NASDAQ:BZUN - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.

Separately, Citigroup boosted their target price on Baozun from $3.90 to $4.20 and gave the stock a "buy" rating in a research report on Tuesday, November 26th.

Baozun Stock Performance

BZUN stock traded down $0.07 during trading on Friday, reaching $2.95. 219,197 shares of the company were exchanged, compared to its average volume of 481,697. The stock's 50 day moving average price is $3.26 and its 200 day moving average price is $3.06. Baozun has a 52-week low of $2.11 and a 52-week high of $4.38. The company has a market cap of $181.61 million, a P/E ratio of -5.46 and a beta of 0.39.

Institutional Trading of Baozun

Several large investors have recently modified their holdings of BZUN. Two Sigma Investments LP lifted its stake in Baozun by 2.7% in the 4th quarter. Two Sigma Investments LP now owns 729,799 shares of the technology company's stock valued at $1,985,000 after buying an additional 18,913 shares in the last quarter. Millennium Management LLC acquired a new position in Baozun in the 4th quarter valued at about $332,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Baozun during the 4th quarter worth about $221,000. Bank of America Corp DE raised its position in shares of Baozun by 44,379.3% in 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. Finally, Jane Street Group LLC purchased a new position in shares of Baozun during the fourth quarter valued at approximately $42,000. 47.29% of the stock is currently owned by institutional investors and hedge funds.

Baozun Company 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.