Baozun (NASDAQ:BZUN) Shares Gap Up to $9.84

Shares of Baozun Inc. (NASDAQ:BZUNGet Rating) gapped up prior to trading on Friday . The stock had previously closed at $9.84, but opened at $10.50. Baozun shares last traded at $10.40, with a volume of 1,911 shares traded.

BZUN has been the subject of several recent analyst reports. StockNews.com started coverage on shares of Baozun in a research note on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised their price objective on shares of Baozun from $8.00 to $9.00 in a research note on Wednesday, June 1st. Credit Suisse Group upgraded shares of Baozun from an “underperform” rating to a “neutral” rating and set a $8.30 target price for the company in a research report on Friday, March 11th. Jefferies Financial Group cut their target price on shares of Baozun from $13.90 to $12.00 in a research report on Thursday, April 14th. Finally, HSBC lifted their target price on shares of Baozun from $8.00 to $9.00 in a research report on Friday, May 27th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.88.

The business’s fifty day moving average price is $8.38 and its 200 day moving average price is $10.52. The firm has a market capitalization of $716.88 million, a PE ratio of -12.78, a P/E/G ratio of 1.55 and a beta of 1.12.

Institutional investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in Baozun in the fourth quarter valued at approximately $93,000. UBS Asset Management Americas Inc. grew its stake in Baozun by 4.0% during the third quarter. UBS Asset Management Americas Inc. now owns 394,477 shares of the technology company’s stock worth $6,915,000 after buying an additional 15,207 shares during the period. Squarepoint Ops LLC grew its stake in Baozun by 175.2% during the third quarter. Squarepoint Ops LLC now owns 23,075 shares of the technology company’s stock worth $405,000 after buying an additional 14,690 shares during the period. Qube Research & Technologies Ltd grew its stake in Baozun by 158.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 140,976 shares of the technology company’s stock worth $1,960,000 after buying an additional 86,485 shares during the period. Finally, Legacy Wealth Asset Management LLC purchased a new stake in Baozun during the fourth quarter worth approximately $216,000. Hedge funds and other institutional investors own 45.15% of the company’s stock.

Baozun Company Profile (NASDAQ:BZUN)

Baozun Inc, through its subsidiaries, provides e-commerce solutions to brand partners in the People's Republic of China. The company offers IT infrastructure setup and integration, online store design and setup, online store operations, visual merchandising and marketing campaigns, customer services, and warehousing and order fulfilment.

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