Baozun (NASDAQ:BZUN) Stock: Insider Wenbin Qiu Acquires 6,000 Shares

Baozun Inc. (NASDAQ:BZUN) CEO Wenbin Qiu purchased 6,000 shares of the stock in a transaction on Monday, October 12th. The shares were bought at an average cost of $3.34 per share, for a total transaction of $20,040.00. Following the transaction, the chief executive officer directly owned 1,672,772 shares in the company, valued at approximately $5,587,058.48. The trade was a 0.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wenbin Qiu also recently made the following trade(s):

• On Tuesday, October 13th, Wenbin Qiu acquired 5,800 shares of Baozun stock. The stock was bought at an average cost of $3.47 per share, with a total value of $20,126.00.
• On Monday, September 21st, Wenbin Qiu acquired 6,900 shares of Baozun stock. The stock was bought at an average cost of $2.85 per share, with a total value of $19,665.00.
• On Friday, September 18th, Wenbin Qiu bought 7,000 shares of Baozun stock. The stock was purchased at an average cost of $2.88 per share, with a total value of $20,160.00.
• On Wednesday, September 16th, Wenbin Qiu bought 7,300 shares of Baozun stock. The shares were purchased at an average price of $2.74 per share, for a total transaction of $20,002.00.
• On Thursday, September 17th, Wenbin Qiu bought 7,100 shares of Baozun stock. The shares were purchased at an average price of $2.84 per share, for a total transaction of $20,164.00.
• On Monday, September 14th, Wenbin Qiu purchased 7,300 shares of Baozun stock. The shares were purchased at an average cost of $2.74 per share, for a total transaction of $20,002.00.

Baozun Trading Up 9.6%

NASDAQ BZUN opened at $3.67 on Friday. The firm’s fifty day moving average price is $2.97 and its two-hundred day moving average price is $2.80. Baozun Inc. has a 1 year low of $2.07 and a 1 year high of $3.82. The firm has a market capitalization of $213.26 million, a P/E ratio of -11.12 and a beta of 0.39.

Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Friday, August 14th. The technology company reported $0.19 EPS for the quarter. Baozun had a negative net margin of 1.26% and a positive return on equity of 2.55%. The firm had revenue of $403.74 million during the quarter.

Wall Street Analysts Forecast Growth

BZUN has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Baozun in a research note on Friday, July 17th. CLSA raised Baozun from a “hold” rating to an “outperform” rating and boosted their price target for the stock from $3.20 to $3.80 in a research report on Friday, August 28th. Wall Street Zen raised Baozun from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Finally, Citigroup restated a “buy” rating on shares of Baozun in a research note on Thursday, August 27th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $3.80.

Hedge Funds Weigh In On Baozun

A hedge fund recently raised its position in Baozun stock. Dimensional Fund Advisors LP grew its stake in Baozun Inc. (NASDAQ:BZUN) by 3.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 593,669 shares of the technology company’s stock after purchasing an additional 18,067 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.03% of Baozun worth $1,418,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 47.29% of the company’s stock.

About Baozun

Baozun Inc (NASDAQ: BZUN) is a China-based e-commerce service and brand management company. Founded in 2006 and headquartered in Shanghai, the company helps brands establish, operate and grow their online businesses, primarily in China and other selected international markets.

Baozun provides a range of services across the e-commerce value chain, including online store design and operation, digital marketing, customer service, information technology, warehousing and logistics. Its technology and service offerings support sales through major third-party marketplaces, social-commerce platforms and brands’ own online channels.

The company works with domestic and international consumer brands in categories such as apparel, beauty, consumer electronics and food and beverage.