Federated Hermes Inc. Sells 128,007 Shares of Baozun Inc. (NASDAQ:BZUN)

Federated Hermes Inc. lessened its position in shares of Baozun Inc. (NASDAQ:BZUN – Get Rating) by 42.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171,993 shares of the technology company’s stock after selling 128,007 shares during the period. Federated Hermes Inc.’s holdings in Baozun were worth $1,080,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Baozun by 1,700.4% during the first quarter. JPMorgan Chase & Co. now owns 159,534 shares of the technology company’s stock worth $1,368,000 after buying an additional 150,673 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in Baozun by 30.4% during the first quarter. Canada Pension Plan Investment Board now owns 246,300 shares of the technology company’s stock valued at $2,113,000 after acquiring an additional 57,360 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Baozun during the first quarter valued at $2,226,000. Invesco Ltd. boosted its position in Baozun by 27.3% during the first quarter. Invesco Ltd. now owns 707,408 shares of the technology company’s stock valued at $6,070,000 after acquiring an additional 151,590 shares during the last quarter. Finally, State Street Corp boosted its position in Baozun by 1.1% during the first quarter. State Street Corp now owns 352,819 shares of the technology company’s stock valued at $3,027,000 after acquiring an additional 3,947 shares during the last quarter. Institutional investors own 31.17% of the company’s stock.

Baozun Price Performance

BZUN opened at $5.38 on Tuesday. Baozun Inc. has a fifty-two week low of $3.41 and a fifty-two week high of $12.09. The firm has a market capitalization of $374.45 million, a PE ratio of -5.98, a P/E/G ratio of 3.04 and a beta of 0.64. The company’s 50-day moving average is $6.93 and its 200 day moving average is $6.03.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Baozun from $8.30 to $6.60 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Daiwa Capital Markets raised shares of Baozun from a “neutral” rating to an “outperform” rating in a research report on Friday, January 20th. JPMorgan Chase & Co. began coverage on shares of Baozun in a research report on Monday, January 30th. They set an “overweight” rating on the stock. StockNews.com raised shares of Baozun from a “sell” rating to a “hold” rating in a research report on Thursday, December 1st. Finally, CLSA raised shares of Baozun from an “underperform” rating to an “outperform” rating and increased their price objective for the stock from $4.40 to $7.00 in a research report on Monday, February 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $8.92.

Baozun Company Profile

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Baozun, Inc operates as an holding company, which through its subsidiaries provides brand electronic commerce (e-commerce) services and solutions. Its services include apparel and accessories; appliances; electronics; home and furnishings; food and health products; beauty and cosmetics; fast moving consumer goods, and mother and baby products; and insurance and automobiles.