Baozun (NASDAQ:BZUN) Downgraded by StockNews.com to Hold

Baozun (NASDAQ:BZUN) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Separately, Citigroup raised their target price on Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Baozun Stock Performance

BZUN stock traded down $0.12 during trading on Wednesday, reaching $3.06. 489,037 shares of the company traded hands, compared to its average volume of 372,769. The business has a 50 day simple moving average of $2.85 and a 200 day simple moving average of $2.78. Baozun has a 12 month low of $2.08 and a 12 month high of $4.38. The company has a market capitalization of $188.37 million, a price-to-earnings ratio of -5.67 and a beta of 0.31.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Thursday, November 21st. The technology company reported ($0.21) earnings per share for the quarter. Baozun had a negative net margin of 2.55% and a negative return on equity of 5.58%.

Institutional Investors Weigh In On Baozun

Several hedge funds and other institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new stake in shares of Baozun during the 3rd quarter worth about $50,000. Wolverine Trading LLC boosted its stake in Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after buying an additional 4,545 shares during the period. Marshall Wace LLP acquired a new stake in shares of Baozun during the second quarter valued at about $55,000. SG Americas Securities LLC purchased a new stake in shares of Baozun in the 3rd quarter valued at approximately $69,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Baozun in the 3rd quarter valued at approximately $148,000. 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.