Insider Buying: Baozun (NASDAQ:BZUN) CEO Purchases $20,040.00 in Stock

Baozun Inc. (NASDAQ:BZUN) CEO Wenbin Qiu purchased 6,000 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was purchased at an average cost of $3.34 per share, with a total value of $20,040.00. Following the purchase, the chief executive officer owned 1,672,772 shares in the company, valued at approximately $5,587,058.48. This trade represents a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Wenbin Qiu also recently made the following trade(s):

• On Tuesday, October 13th, Wenbin Qiu purchased 5,800 shares of Baozun stock. The shares were purchased at an average price of $3.47 per share, with a total value of $20,126.00.
• On Monday, September 21st, Wenbin Qiu purchased 6,900 shares of Baozun stock. The shares were purchased at an average cost of $2.85 per share, for a total transaction of $19,665.00.
• On Friday, September 18th, Wenbin Qiu purchased 7,000 shares of Baozun stock. The shares were purchased at an average cost of $2.88 per share, for a total transaction of $20,160.00.
• On Wednesday, September 16th, Wenbin Qiu acquired 7,300 shares of Baozun stock. The stock was acquired at an average price of $2.74 per share, for a total transaction of $20,002.00.
• On Thursday, September 17th, Wenbin Qiu acquired 7,100 shares of Baozun stock. The stock was acquired at an average price of $2.84 per share, for a total transaction of $20,164.00.
• On Monday, September 14th, Wenbin Qiu acquired 7,300 shares of Baozun stock. The stock was acquired at an average price of $2.74 per share, with a total value of $20,002.00.

Baozun Trading Up 1.4%

Baozun stock traded up $0.05 during mid-day trading on Friday, hitting $3.72. The company’s stock had a trading volume of 906,159 shares, compared to its average volume of 321,189. The stock’s fifty day moving average is $2.99 and its two-hundred day moving average is $2.81. The firm has a market capitalization of $216.17 million, a PE ratio of -11.27 and a beta of 0.39. Baozun Inc. has a 1 year low of $2.07 and a 1 year high of $3.90.

Baozun (NASDAQ:BZUN) last posted its earnings results on Friday, August 14th. The technology company reported $0.19 EPS for the quarter. Baozun had a positive return on equity of 2.55% and a negative net margin of 1.26%. The company had revenue of $403.74 million for the quarter.

Hedge Funds Weigh In On Baozun

A hedge fund recently raised its stake in Baozun stock. Cetera Investment Advisers boosted its stake in Baozun Inc. (NASDAQ:BZUN) by 23.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 38,238 shares of the technology company’s stock after purchasing an additional 7,289 shares during the period. Cetera Investment Advisers owned about 0.07% of Baozun worth $91,000 at the end of the most recent quarter. 47.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BZUN has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Baozun in a research report on Thursday. Citigroup restated a “buy” rating on shares of Baozun in a report on Thursday, August 27th. CLSA raised shares of Baozun from a “hold” rating to an “outperform” rating and upped their target price for the company from $3.20 to $3.80 in a research report on Friday, August 28th. Finally, Wall Street Zen raised shares of Baozun from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Baozun presently has an average rating of “Hold” and an average target price of $3.80.

Baozun Company Profile

Baozun Inc (NASDAQ: BZUN) is a China-based e-commerce service and brand management company. Founded in 2006 and headquartered in Shanghai, the company helps brands establish, operate and grow their online businesses, primarily in China and other selected international markets.

Baozun provides a range of services across the e-commerce value chain, including online store design and operation, digital marketing, customer service, information technology, warehousing and logistics. Its technology and service offerings support sales through major third-party marketplaces, social-commerce platforms and brands’ own online channels.

The company works with domestic and international consumer brands in categories such as apparel, beauty, consumer electronics and food and beverage.