Baozun (NASDAQ:BZUN) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Baozun (NASDAQ:BZUN) from a strong-buy rating to a buy rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Baozun in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Baozun Price Performance

BZUN stock opened at $2.93 on Friday. The firm’s fifty day simple moving average is $2.76 and its 200-day simple moving average is $2.65. The company has a market capitalization of $170.26 million, a P/E ratio of -6.51 and a beta of 0.51. Baozun has a 12 month low of $2.07 and a 12 month high of $4.88.

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

Insiders Place Their Bets

In other news, insider Junhua Wu purchased 29,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were bought at an average price of $2.85 per share, for a total transaction of $82,650.00. Following the completion of the transaction, the insider owned 253,770 shares in the company, valued at $723,244.50. This represents a 12.90% 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, CEO Wenbin Qiu acquired 10,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average cost of $2.81 per share, with a total value of $28,100.00. Following the acquisition, the chief executive officer directly owned 1,623,872 shares of the company’s stock, valued at $4,563,080.32. This represents a 0.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 225,000 shares of company stock worth $609,830 over the last three months. 59.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Baozun

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 754,658 shares in the last quarter. Millennium Management LLC increased its position in shares of Baozun by 579.9% in the fourth quarter. Millennium Management LLC now owns 144,052 shares of the technology company’s stock valued at $383,000 after buying an additional 122,865 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Baozun by 4.9% during the 4th quarter. Schroder Investment Management Group now owns 2,414,558 shares of the technology company’s stock worth $6,423,000 after buying an additional 113,058 shares during the period. Bank of America Corp DE lifted its position in shares of Baozun by 346.5% during the 3rd quarter. Bank of America Corp DE now owns 125,165 shares of the technology company’s stock valued at $507,000 after buying an additional 97,134 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Baozun in the 4th quarter valued at $219,000. Hedge funds and other institutional investors own 47.29% of the company’s stock.

Baozun Company Profile

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.