Baozun (NASDAQ:BZUN) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Baozun Inc. (NASDAQ:BZUN) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.78 and traded as high as $2.90. Baozun shares last traded at $2.78, with a volume of 124,900 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BZUN shares. Wall Street Zen lowered shares of Baozun from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Baozun in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Baozun presently has a consensus rating of “Reduce”.

Baozun Trading Up 3.5%

The company has a 50 day moving average of $2.78 and a 200-day moving average of $2.65. The firm has a market capitalization of $164.16 million, a P/E ratio of -6.28 and a beta of 0.51.

Baozun (NASDAQ:BZUN) last posted its quarterly earnings data on Friday, May 15th. The technology company reported $0.00 earnings per share for the quarter. Baozun had a positive return on equity of 1.68% and a negative net margin of 1.80%.The firm had revenue of $345.35 million for the quarter.

Insider Activity

In other Baozun news, CEO Wenbin Qiu bought 10,000 shares of the stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $2.81 per share, with a total value of $28,100.00. Following the completion of the acquisition, the chief executive officer owned 1,623,872 shares of the company’s stock, valued at $4,563,080.32. This trade represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Junhua Wu purchased 29,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of $2.85 per share, with a total value of $82,650.00. Following the completion of the transaction, the insider owned 253,770 shares of the company’s stock, valued at $723,244.50. This represents a 12.90% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 225,000 shares of company stock valued at $609,830 in the last quarter. Corporate insiders own 59.20% of the company’s stock.

Hedge Funds Weigh In On Baozun

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group increased its position in shares of Baozun by 4.9% in the fourth quarter. Schroder Investment Management Group now owns 2,414,558 shares of the technology company’s stock worth $6,423,000 after purchasing an additional 113,058 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Baozun by 75,465,800.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 754,659 shares of the technology company’s stock worth $2,007,000 after buying an additional 754,658 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Baozun by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 603,016 shares of the technology company’s stock worth $2,442,000 after buying an additional 11,593 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Baozun by 21.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 470,256 shares of the technology company’s stock valued at $1,905,000 after buying an additional 81,777 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Baozun by 28.5% in the 4th quarter. Marshall Wace LLP now owns 346,764 shares of the technology company’s stock valued at $922,000 after buying an additional 76,928 shares in the last quarter. 47.29% of the stock is owned by institutional investors and hedge funds.

About Baozun

Baozun Inc is a leading pure-play e-commerce solutions provider based in Shanghai, China. The company specializes in helping global and domestic brands establish and manage their online stores across major Chinese platforms, including Tmall, JD.com, and WeChat. By offering a one-stop service model, Baozun enables brand owners to outsource the complexities of digital retail operations and focus on product development and customer engagement.

The company’s suite of services encompasses store design and setup, digital marketing and promotion, technology integration, order fulfillment, warehousing and logistics, customer care, and data analytics.