Pictet Asset Management Ltd. bought a new stake in shares of Baozun Inc. (NASDAQ:BZUN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 77,733 shares of the technology company’s stock, valued at approximately $2,547,000. Pictet Asset Management Ltd. owned 0.14% of Baozun as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in BZUN. TB Alternative Assets Ltd. bought a new position in shares of Baozun during the 3rd quarter valued at approximately $44,810,000. Tairen Capital Ltd boosted its holdings in Baozun by 94.6% in the 2nd quarter. Tairen Capital Ltd now owns 1,777,650 shares of the technology company’s stock worth $21,456,000 after buying an additional 864,041 shares during the period. Franklin Resources Inc. bought a new position in Baozun in the 2nd quarter worth approximately $16,599,000. Myriad Asset Management Ltd. bought a new position in Baozun in the 2nd quarter worth approximately $8,868,000. Finally, Flowering Tree Investment Management Pte. Ltd. bought a new position in Baozun in the 2nd quarter worth approximately $8,567,000. 37.51% of the stock is owned by hedge funds and other institutional investors.
Baozun Inc. (BZUN) opened at $34.63 on Tuesday. Baozun Inc. has a fifty-two week low of $10.87 and a fifty-two week high of $40.65. The company has a market cap of $1,784.76, a price-to-earnings ratio of 91.28 and a beta of 4.64.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Monday, August 21st. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.01). The firm had revenue of $131.04 million during the quarter. Baozun had a net margin of 3.26% and a return on equity of 9.19%. equities analysts anticipate that Baozun Inc. will post 0.58 EPS for the current year.
Several research firms recently commented on BZUN. Zacks Investment Research downgraded shares of Baozun from a “buy” rating to a “hold” rating in a report on Friday. Vetr downgraded shares of Baozun from a “hold” rating to a “sell” rating and set a $35.58 price objective for the company. in a report on Wednesday, September 13th. BidaskClub raised shares of Baozun from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Deutsche Bank AG downgraded shares of Baozun from a “buy” rating to a “hold” rating and raised their price objective for the stock from $25.00 to $30.00 in a report on Wednesday, August 23rd. Finally, Bank of America Corporation raised their price objective on shares of Baozun from $26.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $36.54.
Baozun Inc is a brand e-commerce solutions company. The Company is engaged in providing end-to-end e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
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