Baozun (NASDAQ:BZUN) Downgraded to Hold at China Renaissance

China Renaissance downgraded shares of Baozun (NASDAQ:BZUNFree Report) from a buy rating to a hold rating in a report released on Tuesday, Marketbeat.com reports.

Separately, StockNews.com downgraded Baozun from a buy rating to a hold rating in a research report on Saturday, January 6th.

Check Out Our Latest Stock Report on Baozun

Baozun Stock Performance

Shares of Baozun stock opened at $2.28 on Tuesday. Baozun has a one year low of $1.90 and a one year high of $6.10. The company has a market cap of $137.76 million, a price-to-earnings ratio of -3.45 and a beta of 0.58. The business’s 50 day moving average price is $2.41 and its 200 day moving average price is $2.74.

Institutional Investors Weigh In On Baozun

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BZUN. Franklin Resources Inc. acquired a new stake in Baozun during the second quarter worth $4,762,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Baozun by 720.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 896,700 shares of the technology company’s stock worth $5,398,000 after acquiring an additional 787,400 shares during the last quarter. Morgan Stanley increased its stake in Baozun by 75.0% during the fourth quarter. Morgan Stanley now owns 1,608,678 shares of the technology company’s stock worth $8,526,000 after acquiring an additional 689,576 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Baozun during the fourth quarter worth $2,667,000. Finally, UniSuper Management Pty Ltd acquired a new stake in Baozun during the second quarter worth $1,681,000. Institutional investors and hedge funds own 47.29% of the company’s stock.

About Baozun

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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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