Marshall Wace LLP purchased a new stake in Baozun Inc. (NASDAQ:BZUN – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,684 shares of the technology company’s stock, valued at approximately $55,000.
Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in Baozun by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock worth $1,452,000 after purchasing an additional 117,502 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Baozun by 55.1% during the second quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company’s stock valued at $2,335,000 after buying an additional 356,096 shares during the period. Cetera Advisors LLC purchased a new position in Baozun in the first quarter worth $35,000. Finally, Virtu Financial LLC acquired a new stake in shares of Baozun during the first quarter worth $48,000. Institutional investors own 47.29% of the company’s stock.
Baozun Trading Up 2.0 %
Shares of NASDAQ BZUN opened at $3.63 on Monday. The company has a 50-day moving average of $2.68 and a 200 day moving average of $2.60. Baozun Inc. has a 12-month low of $1.90 and a 12-month high of $4.38. The stock has a market cap of $221.71 million, a PE ratio of -6.05 and a beta of 0.35.
Wall Street Analysts Forecast Growth
Separately, CLSA downgraded shares of Baozun from an “outperform” rating to a “hold” rating and decreased their target price for the company from $2.80 to $2.20 in a research report on Friday, August 30th.
Read Our Latest Analysis on Baozun
Baozun Company Profile
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.
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