Baozun (NASDAQ:BZUN) Shares Gap Up to $6.99

Baozun Inc. (NASDAQ:BZUNGet Rating) shares gapped up prior to trading on Tuesday . The stock had previously closed at $6.99, but opened at $7.17. Baozun shares last traded at $7.20, with a volume of 838 shares trading hands.

Wall Street Analysts Forecast Growth

BZUN has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Baozun from $8.00 to $9.00 in a research note on Wednesday, June 1st. Citigroup reduced their target price on Baozun from $18.00 to $15.00 in a research note on Thursday, August 25th. HSBC raised their price target on shares of Baozun from $8.00 to $9.00 in a research report on Friday, May 27th. Finally, StockNews.com raised shares of Baozun from a “sell” rating to a “hold” rating in a research report on Wednesday, August 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.66.

Baozun Trading Down 5.3 %

The company’s 50-day simple moving average is $8.58 and its 200 day simple moving average is $8.69. The stock has a market cap of $462.83 million, a P/E ratio of -5.94 and a beta of 0.71.

Hedge Funds Weigh In On Baozun

Hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new position in shares of Baozun during the 1st quarter worth approximately $107,000. Counterpoint Mutual Funds LLC bought a new position in shares of Baozun during the 1st quarter worth approximately $68,000. Prospera Financial Services Inc bought a new position in shares of Baozun during the 1st quarter worth approximately $43,000. GSA Capital Partners LLP bought a new position in shares of Baozun during the 1st quarter worth approximately $137,000. Finally, AIA Group Ltd raised its holdings in shares of Baozun by 41.9% in the 1st quarter. AIA Group Ltd now owns 300,177 shares of the technology company’s stock worth $2,576,000 after purchasing an additional 88,708 shares during the period. Institutional investors own 34.29% of the company’s stock.

Baozun Company Profile

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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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