Pictet Asset Management SA reduced its stake in Baozun Inc. (NASDAQ:BZUN – Free Report) by 21.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,900 shares of the technology company’s stock after selling 6,900 shares during the quarter. Pictet Asset Management SA’s holdings in Baozun were worth $150,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Morgan Stanley lifted its position in Baozun by 75.0% during the 4th quarter. Morgan Stanley now owns 1,608,678 shares of the technology company’s stock worth $8,526,000 after buying an additional 689,576 shares in the last quarter. Two Sigma Investments LP bought a new stake in Baozun during the 4th quarter worth about $2,667,000. Renaissance Technologies LLC lifted its position in Baozun by 212.4% during the 4th quarter. Renaissance Technologies LLC now owns 493,616 shares of the technology company’s stock worth $2,616,000 after buying an additional 335,600 shares in the last quarter. Marshall Wace LLP bought a new stake in Baozun during the 4th quarter worth about $1,661,000. Finally, Barclays PLC bought a new stake in Baozun during the 4th quarter worth about $1,535,000. 29.92% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have commented on BZUN shares. Citigroup cut their price target on shares of Baozun from $6.00 to $5.20 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. HSBC lowered their price objective on shares of Baozun from $4.50 to $4.20 and set a “hold” rating on the stock in a research note on Tuesday. Finally, StockNews.com initiated coverage on shares of Baozun in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.60.
Baozun Stock Performance
Shares of BZUN opened at $3.91 on Friday. Baozun Inc. has a 52 week low of $3.41 and a 52 week high of $9.03. The firm has a market cap of $231.98 million, a P/E ratio of -2.87, a price-to-earnings-growth ratio of 2.34 and a beta of 0.70. The firm’s 50-day simple moving average is $4.22 and its 200 day simple moving average is $4.79.
Baozun Company Profile
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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