Baozun (BZUN) Stock Price Down 7.5%
Shares of Baozun Inc (NASDAQ:BZUN) were down 7.5% on Monday . The stock traded as low as $38.00 and last traded at $39.17. Approximately 2,525,484 shares changed hands during trading, an increase of 27% from the average daily volume of 1,992,953 shares. The stock had previously closed at $42.35.
Several analysts recently weighed in on BZUN shares. BidaskClub upgraded Baozun from a “hold” rating to a “buy” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded Baozun from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Monday, March 11th.
The company has a debt-to-equity ratio of 0.03, a current ratio of 1.86 and a quick ratio of 1.49. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 63.17 and a beta of 3.19.
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Baozun by 6.8% in the fourth quarter. BlackRock Inc. now owns 1,748,671 shares of the technology company’s stock worth $51,078,000 after purchasing an additional 111,990 shares during the period. WINTON GROUP Ltd increased its stake in Baozun by 19.4% in the fourth quarter. WINTON GROUP Ltd now owns 9,703 shares of the technology company’s stock worth $283,000 after purchasing an additional 1,576 shares during the period. Standard Life Aberdeen plc increased its stake in Baozun by 20.8% in the fourth quarter. Standard Life Aberdeen plc now owns 583,000 shares of the technology company’s stock worth $17,682,000 after purchasing an additional 100,400 shares during the period. Vanguard Group Inc increased its stake in Baozun by 13.6% in the third quarter. Vanguard Group Inc now owns 824,205 shares of the technology company’s stock worth $40,040,000 after purchasing an additional 98,783 shares during the period. Finally, Quantamental Technologies LLC bought a new position in shares of Baozun during the 4th quarter worth $47,000. Institutional investors and hedge funds own 57.76% of the company’s stock.
About Baozun (NASDAQ:BZUN)
Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
Further Reading: Technical Analysis
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