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.
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.
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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