Baozun (BZUN) Stock Price Up 1.4%

Baozun Inc (NASDAQ:BZUN) shares rose 1.4% on Wednesday . The stock traded as high as $41.39 and last traded at $41.75. Approximately 23,026 shares were traded during trading, a decline of 99% from the average daily volume of 2,096,863 shares. The stock had previously closed at $41.19.

BZUN has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Baozun from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Monday, March 11th. BidaskClub upgraded shares of Baozun from a “hold” rating to a “buy” rating in a report on Thursday, February 28th.

The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.32 billion, a PE ratio of 63.30 and a beta of 3.19.

Baozun (NASDAQ:BZUN) last issued its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.08). Baozun had a net margin of 4.93% and a return on equity of 13.32%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the business earned $2.72 EPS. The firm’s revenue was up 40.7% compared to the same quarter last year. On average, research analysts predict that Baozun Inc will post 1.22 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in Baozun by 1,188.7% in the 1st quarter. Hsbc Holdings PLC now owns 170,748 shares of the technology company’s stock worth $7,093,000 after buying an additional 157,498 shares during the period. Wellington Management Group LLP increased its position in Baozun by 887.0% in the 1st quarter. Wellington Management Group LLP now owns 82,306 shares of the technology company’s stock worth $3,419,000 after buying an additional 73,967 shares during the period. Geode Capital Management LLC increased its position in Baozun by 6.5% in the 1st quarter. Geode Capital Management LLC now owns 106,300 shares of the technology company’s stock worth $4,393,000 after buying an additional 6,524 shares during the period. Andra AP fonden bought a new position in Baozun in the 1st quarter worth approximately $1,296,000. Finally, The Manufacturers Life Insurance Company bought a new position in Baozun in the 1st quarter worth approximately $386,000. 57.76% of the stock is owned by institutional investors and hedge funds.

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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.

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