Baozun (NASDAQ:BZUN) Stock Rating Lowered by StockNews.com

Baozun (NASDAQ:BZUN) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Separately, Citigroup increased their price objective on shares of Baozun from $3.90 to $4.20 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.

Baozun Stock Down 0.3 %

Shares of NASDAQ:BZUN opened at $3.31 on Monday. The stock has a market cap of $203.77 million, a PE ratio of -6.13 and a beta of 0.32. Baozun has a 12-month low of $2.11 and a 12-month high of $4.38. The business has a 50 day moving average of $3.14 and a 200-day moving average of $2.92.

Hedge Funds Weigh In On Baozun

A number of institutional investors have recently added to or reduced their stakes in the stock. Wolverine Trading LLC boosted its holdings in shares of Baozun by 42.5% during the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock valued at $52,000 after acquiring an additional 4,545 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Baozun by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 598,184 shares of the technology company’s stock worth $1,628,000 after buying an additional 5,915 shares during the period. Tower Research Capital LLC TRC grew its holdings in Baozun by 138.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company’s stock worth $32,000 after acquiring an additional 6,772 shares during the last quarter. QRG Capital Management Inc. increased its position in Baozun by 50.8% in the 4th quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock valued at $57,000 after acquiring an additional 7,108 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Baozun by 95.5% in the fourth quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock worth $65,000 after purchasing an additional 11,683 shares during the last quarter. 47.29% of the stock is currently owned by institutional investors and hedge funds.

About Baozun

Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People’s Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands’ store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.