Amundi Pioneer Asset Management Inc. reduced its stake in shares of Baozun Inc. (NASDAQ:BZUN) by 61.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,718 shares of the technology company’s stock after selling 101,413 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.12% of Baozun worth $2,120,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in BZUN. Citigroup Inc. boosted its position in Baozun by 29.3% during the 2nd quarter. Citigroup Inc. now owns 5,781 shares of the technology company’s stock valued at $128,000 after acquiring an additional 1,311 shares in the last quarter. Global X Management Co. LLC lifted its holdings in shares of Baozun by 1.6% during the second quarter. Global X Management Co. LLC now owns 6,759 shares of the technology company’s stock valued at $150,000 after purchasing an additional 105 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Baozun by 18.5% during the second quarter. Public Employees Retirement System of Ohio now owns 7,700 shares of the technology company’s stock valued at $171,000 after purchasing an additional 1,200 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Baozun in the 3rd quarter worth approximately $187,000. Finally, Pacad Investment Ltd. purchased a new position in Baozun in the 2nd quarter worth approximately $197,000. 38.35% of the stock is currently owned by hedge funds and other institutional investors.
Baozun Inc. (BZUN) opened at $32.03 on Tuesday. The firm has a market cap of $1,616.39, a P/E ratio of 80.43 and a beta of 4.43. Baozun Inc. has a twelve month low of $10.87 and a twelve month high of $40.65.
BZUN has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of Baozun in a report on Thursday, August 31st. They issued a “buy” rating and a $38.00 price objective for the company. Bank of America boosted their price objective on shares of Baozun from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, September 11th. Vetr raised shares of Baozun from a “buy” rating to a “strong-buy” rating and set a $39.10 price objective on the stock in a research report on Monday, October 9th. Finally, Zacks Investment Research downgraded shares of Baozun from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.54.
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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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