Harvest Fund Management Co. Ltd Buys 346,861 Shares of Baozun Inc. (BZUN)
Harvest Fund Management Co. Ltd raised its stake in shares of Baozun Inc. (NASDAQ:BZUN) by 78.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 790,142 shares of the technology company’s stock after buying an additional 346,861 shares during the period. Baozun comprises about 2.5% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 12th largest holding. Harvest Fund Management Co. Ltd owned 1.48% of Baozun worth $17,517,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in shares of Baozun by 1.6% during the 2nd quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after buying an additional 105 shares during the last quarter. Sei Investments Co. raised its stake in shares of Baozun by 24.3% during the 1st quarter. Sei Investments Co. now owns 7,024 shares of the technology company’s stock valued at $105,000 after buying an additional 1,373 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Baozun during the 2nd quarter valued at about $197,000. Rehmann Capital Advisory Group purchased a new position in shares of Baozun during the 2nd quarter valued at about $283,000. Finally, FNY Partners Fund LP purchased a new position in shares of Baozun during the 2nd quarter valued at about $316,000. Institutional investors and hedge funds own 30.98% of the company’s stock.
A number of research firms have weighed in on BZUN. Vetr lowered Baozun from a “hold” rating to a “sell” rating and set a $35.58 price objective for the company. in a research note on Wednesday. Zacks Investment Research upgraded Baozun from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research note on Wednesday. Bank of America Corporation lifted their price objective on Baozun from $34.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, September 11th. Citigroup Inc. began coverage on Baozun in a research note on Thursday, August 31st. They set a “buy” rating and a $38.00 price objective for the company. Finally, Deutsche Bank AG lowered Baozun from a “buy” rating to a “hold” rating and lifted their price objective for the company from $25.00 to $30.00 in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $36.52.
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Baozun Inc. (BZUN) traded up 3.40% during trading on Friday, hitting $37.70. The company’s stock had a trading volume of 5,588,109 shares. Baozun Inc. has a one year low of $10.87 and a one year high of $39.61. The company has a 50-day moving average of $35.71 and a 200 day moving average of $26.21. The firm has a market cap of $2.05 billion, a PE ratio of 118.18 and a beta of 4.70.
Baozun (NASDAQ:BZUN) last announced its earnings results on Monday, August 21st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Baozun had a return on equity of 9.19% and a net margin of 3.26%. The business had revenue of $131.04 million for the quarter. On average, equities analysts forecast that Baozun Inc. will post $0.70 earnings per share for the current year.
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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