Korea Investment CORP purchased a new position in shares of Baozun Inc (NASDAQ:BZUN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,700 shares of the technology company’s stock, valued at approximately $617,000.
A number of other large investors have also modified their holdings of BZUN. Northwestern Mutual Wealth Management Co. acquired a new stake in Baozun during the 2nd quarter worth $172,000. FundX Investment Group LLC acquired a new stake in Baozun during the 2nd quarter worth $209,000. Virginia Retirement Systems ET AL acquired a new stake in Baozun during the 2nd quarter worth $263,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in Baozun during the 2nd quarter worth $271,000. Finally, ING Groep NV acquired a new stake in Baozun during the 2nd quarter worth $295,000. Hedge funds and other institutional investors own 55.30% of the company’s stock.
BZUN has been the subject of a number of recent research reports. BidaskClub upgraded shares of Baozun from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut shares of Baozun from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 27th. Finally, ValuEngine upgraded shares of Baozun from a “hold” rating to a “buy” rating in a research note on Friday, November 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $48.47.
BZUN stock opened at $33.54 on Friday. Baozun Inc has a one year low of $28.93 and a one year high of $67.41. The firm has a market capitalization of $1.95 billion, a PE ratio of 60.74 and a beta of 3.56. The company has a quick ratio of 1.57, a current ratio of 2.01 and a debt-to-equity ratio of 0.03.
Baozun (NASDAQ:BZUN) last released its earnings results on Wednesday, November 21st. The technology company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). Baozun had a return on equity of 12.09% and a net margin of 4.80%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the business posted $0.64 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. As a group, research analysts expect that Baozun Inc will post 0.76 EPS for the current year.
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Baozun Company Profile
Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
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