Barclays PLC Purchases 152,900 Shares of Baozun Inc. (NASDAQ:BZUN)

Barclays PLC grew its stake in shares of Baozun Inc. (NASDAQ:BZUN - Free Report) by 2,153.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 160,000 shares of the technology company's stock after buying an additional 152,900 shares during the period. Barclays PLC owned approximately 0.26% of Baozun worth $573,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Wolverine Trading LLC increased its stake in Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company's stock valued at $52,000 after acquiring an additional 4,545 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Baozun during the 3rd quarter worth approximately $50,000. PEAK6 Investments LLC increased its position in shares of Baozun by 29.9% during the third quarter. PEAK6 Investments LLC now owns 78,070 shares of the technology company's stock valued at $279,000 after purchasing an additional 17,970 shares during the period. SG Americas Securities LLC acquired a new position in shares of Baozun in the third quarter valued at $69,000. Finally, Marshall Wace LLP bought a new position in Baozun in the second quarter worth $55,000. Institutional investors own 47.29% of the company's stock.

Baozun Trading Up 4.0 %

BZUN stock traded up $0.11 during trading on Friday, hitting $2.88. The company had a trading volume of 310,571 shares, compared to its average volume of 385,552. The company has a fifty day moving average price of $2.77 and a two-hundred day moving average price of $2.76. Baozun Inc. has a fifty-two week low of $1.92 and a fifty-two week high of $4.38. The company has a market cap of $177.29 million, a P/E ratio of -5.33 and a beta of 0.31.

Analyst Upgrades and Downgrades

BZUN has been the topic of several analyst reports. Citigroup boosted their price target on shares of Baozun from $3.90 to $4.20 and gave the company a "buy" rating in a report on Tuesday, November 26th. StockNews.com raised shares of Baozun from a "hold" rating to a "buy" rating in a research note on Friday.

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.