Wall Street Zen Downgrades Baozun (NASDAQ:BZUN) to Hold

Baozun (NASDAQ:BZUN) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Baozun Trading Up 1.7%

BZUN stock opened at $3.05 on Friday. The company has a market cap of $165.11 million, a price-to-earnings ratio of -5.65 and a beta of 0.29. Baozun has a 12 month low of $2.11 and a 12 month high of $4.38. The firm has a 50-day moving average of $2.77 and a two-hundred day moving average of $2.93.

Hedge Funds Weigh In On Baozun

Hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its position in Baozun by 95.5% in the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after buying an additional 11,683 shares during the period. QRG Capital Management Inc. raised its stake in Baozun by 50.8% during the 4th quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock worth $57,000 after acquiring an additional 7,108 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Baozun by 77.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 92,523 shares of the technology company’s stock worth $252,000 after acquiring an additional 40,364 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Baozun in the fourth quarter valued at $232,000. Finally, Schroder Investment Management Group increased its stake in Baozun by 16.5% in the fourth quarter. Schroder Investment Management Group now owns 2,301,500 shares of the technology company’s stock valued at $6,352,000 after purchasing an additional 326,388 shares during the period. Hedge funds and other institutional investors own 47.29% of the company’s stock.

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.