Baozun Inc. (BZUN) Shares Gap Up to $33.98
Baozun Inc. (NASDAQ:BZUN)’s share price gapped up prior to trading on Monday . The stock had previously closed at $32.81, but opened at $33.98. Baozun shares last traded at $34.60, with a volume of 5,172,835 shares traded.
BZUN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Baozun from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday, July 25th. Bank of America Corporation raised their target price on Baozun from $26.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub upgraded Baozun from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th.
The firm has a 50 day moving average of $30.89 and a 200 day moving average of $20.80.
Several large investors have recently made changes to their positions in BZUN. Matthews International Capital Management LLC raised its position in shares of Baozun by 12.9% in the first quarter. Matthews International Capital Management LLC now owns 1,882,441 shares of the technology company’s stock worth $28,124,000 after buying an additional 215,600 shares during the period. Green Court Capital Management Ltd purchased a new position in shares of Baozun during the second quarter worth about $32,278,000. Harvest Fund Management Co. Ltd raised its position in shares of Baozun by 78.2% in the second quarter. Harvest Fund Management Co. Ltd now owns 790,142 shares of the technology company’s stock worth $17,517,000 after buying an additional 346,861 shares during the period. Franklin Resources Inc. purchased a new position in shares of Baozun during the second quarter worth about $16,599,000. Finally, Kora Management LP purchased a new position in shares of Baozun during the first quarter worth about $9,562,000. 27.96% of the stock is owned by institutional investors and hedge funds.
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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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