Franklin Resources Inc. grew its position in Baozun Inc (NASDAQ:BZUN) by 76.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,077,566 shares of the technology company’s stock after purchasing an additional 899,021 shares during the quarter. Franklin Resources Inc. owned about 3.83% of Baozun worth $65,568,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of BZUN. WIM Asset Management HK Ltd acquired a new position in shares of Baozun in the fourth quarter valued at approximately $30,651,000. OppenheimerFunds Inc. grew its position in Baozun by 78.0% during the fourth quarter. OppenheimerFunds Inc. now owns 1,263,970 shares of the technology company’s stock worth $39,891,000 after buying an additional 553,950 shares in the last quarter. DSAM Partners London Ltd acquired a new stake in Baozun during the fourth quarter worth approximately $14,422,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Baozun during the third quarter worth approximately $9,126,000. Finally, Wells Fargo & Company MN grew its position in Baozun by 953.0% during the third quarter. Wells Fargo & Company MN now owns 206,405 shares of the technology company’s stock worth $6,762,000 after buying an additional 186,803 shares in the last quarter. 44.98% of the stock is currently owned by institutional investors.
Shares of Baozun Inc (NASDAQ BZUN) opened at $48.59 on Friday. The stock has a market capitalization of $2,630.37, a P/E ratio of 81.54 and a beta of 4.29. Baozun Inc has a 12-month low of $13.95 and a 12-month high of $51.03.
Baozun (NASDAQ:BZUN) last released its earnings results on Tuesday, March 6th. The technology company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.07. Baozun had a return on equity of 13.70% and a net margin of 5.10%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. equities research analysts anticipate that Baozun Inc will post 1.01 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on BZUN shares. Zacks Investment Research downgraded Baozun from a “hold” rating to a “sell” rating in a research report on Tuesday, November 28th. Vetr downgraded Baozun from a “strong-buy” rating to a “buy” rating and set a $34.52 price target on the stock. in a research report on Tuesday, December 19th. BidaskClub raised Baozun from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, Bank of America increased their price target on Baozun from $38.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Baozun presently has a consensus rating of “Hold” and a consensus target price of $38.78.
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Baozun Company Profile
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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