DSAM Partners London Ltd Invests $14.42 Million in Baozun Inc (BZUN) Stock
DSAM Partners London Ltd purchased a new stake in shares of Baozun Inc (NASDAQ:BZUN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 456,969 shares of the technology company’s stock, valued at approximately $14,422,000. Baozun accounts for 2.4% of DSAM Partners London Ltd’s portfolio, making the stock its 17th largest holding.
Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of Baozun in the second quarter worth about $1,664,000. Wells Fargo & Company MN purchased a new stake in shares of Baozun in the second quarter worth about $435,000. TIAA CREF Investment Management LLC boosted its position in shares of Baozun by 11.3% in the second quarter. TIAA CREF Investment Management LLC now owns 18,700 shares of the technology company’s stock worth $415,000 after buying an additional 1,900 shares during the period. Citigroup Inc. boosted its position in shares of Baozun by 29.3% in the second quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock worth $128,000 after buying an additional 1,311 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Baozun by 9.6% in the second quarter. Northern Trust Corp now owns 23,651 shares of the technology company’s stock worth $524,000 after buying an additional 2,066 shares during the period. 38.93% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on BZUN. Zacks Investment Research downgraded Baozun from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Bank of America upped their target price on Baozun from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Vetr raised Baozun from a “hold” rating to a “buy” rating and set a $38.57 target price for the company in a research report on Monday. Finally, BidaskClub raised Baozun from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $37.51.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.06 EPS for the quarter. Baozun had a return on equity of 8.72% and a net margin of 3.20%. analysts predict that Baozun Inc will post 0.54 earnings per share for the current fiscal year.
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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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