Baozun (NASDAQ:BZUN) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Baozun Inc. (NASDAQ:BZUN) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.70 and traded as high as $2.84. Baozun shares last traded at $2.77, with a volume of 211,505 shares traded.

Analyst Ratings Changes

Several research firms recently issued reports on BZUN. Weiss Ratings reissued a “sell (d-)” rating on shares of Baozun in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Baozun from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Baozun Stock Down 3.7%

The firm has a 50 day moving average price of $2.70 and a 200 day moving average price of $2.66. The stock has a market capitalization of $152.24 million, a PE ratio of -5.82 and a beta of 0.48.

Baozun (NASDAQ:BZUN) last announced its earnings results on Friday, May 15th. The technology company reported $0.00 earnings per share (EPS) for the quarter. Baozun had a positive return on equity of 1.68% and a negative net margin of 1.80%.The company had revenue of $345.35 million for the quarter.

Insiders Place Their Bets

In other news, CEO Wenbin Qiu bought 17,500 shares of Baozun stock in a transaction dated Thursday, April 16th. The stock was purchased at an average price of $2.84 per share, for a total transaction of $49,700.00. Following the purchase, the chief executive officer directly owned 1,417,872 shares in the company, valued at $4,026,756.48. The trade was a 1.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Junhua Wu bought 29,000 shares of Baozun stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average price of $2.85 per share, with a total value of $82,650.00. Following the purchase, the insider owned 253,770 shares in the company, valued at approximately $723,244.50. This represents a 12.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 258,500 shares of company stock worth $709,770 over the last ninety days. Insiders own 59.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Baozun by 6.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 171,051 shares of the technology company’s stock valued at $428,000 after buying an additional 9,627 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Baozun by 3.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 388,479 shares of the technology company’s stock valued at $971,000 after acquiring an additional 14,622 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Baozun during the second quarter valued at approximately $174,000. Qube Research & Technologies Ltd lifted its holdings in Baozun by 109.6% during the second quarter. Qube Research & Technologies Ltd now owns 148,950 shares of the technology company’s stock worth $372,000 after acquiring an additional 77,891 shares during the period. Finally, Jane Street Group LLC bought a new stake in Baozun during the second quarter worth $40,000. 47.29% of the stock is currently owned by hedge funds and other institutional investors.

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.