Baozun (NASDAQ:BZUN) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Baozun (NASDAQ:BZUN) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Baozun in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Baozun Trading Up 0.6%

Shares of NASDAQ:BZUN traded up $0.02 on Wednesday, reaching $2.74. The company had a trading volume of 44,003 shares, compared to its average volume of 266,318. The firm has a market capitalization of $158.22 million, a PE ratio of -5.58 and a beta of 0.37. The firm’s 50 day simple moving average is $2.75 and its 200-day simple moving average is $3.15. Baozun has a 52-week low of $2.12 and a 52-week high of $4.88.

Hedge Funds Weigh In On Baozun

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Baozun by 75,465,800.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 754,659 shares of the technology company’s stock worth $2,007,000 after purchasing an additional 754,658 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Baozun by 579.9% in the 4th quarter. Millennium Management LLC now owns 144,052 shares of the technology company’s stock worth $383,000 after acquiring an additional 122,865 shares during the period. Schroder Investment Management Group grew its stake in shares of Baozun by 4.9% during the 4th quarter. Schroder Investment Management Group now owns 2,414,558 shares of the technology company’s stock worth $6,423,000 after purchasing an additional 113,058 shares during the period. Polunin Capital Partners Ltd acquired a new stake in Baozun in the third quarter valued at $424,000. Finally, Marex Group plc purchased a new stake in shares of Baozun in the second quarter valued at about $262,000. 47.29% of the stock is owned by institutional investors and hedge funds.

Baozun Company Profile

Baozun Inc is a leading pure-play e-commerce solutions provider based in Shanghai, China. The company specializes in helping global and domestic brands establish and manage their online stores across major Chinese platforms, including Tmall, JD.com, and WeChat. By offering a one-stop service model, Baozun enables brand owners to outsource the complexities of digital retail operations and focus on product development and customer engagement.

The company’s suite of services encompasses store design and setup, digital marketing and promotion, technology integration, order fulfillment, warehousing and logistics, customer care, and data analytics.